Walgreens

11724 Research Blvd, Austin, TX
Deal Type:
Net Lease
Price:
$8,343,000
Cap Rate:
5.00%
Current Rent:
$417,150
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Zero
Renewal Options:
12 x 5 Year
Building Sq. Ft.:
13,905 SF
Rent Increases:
5% Every 5 Years
Site Size:
1.62 Acres
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners

Investment Highlights

  • Commitment: Walgreens has a 30+ year operating history and is signing a new, 15-year abs. NNN lease with 5% rent increases showing their commitment to the location.
  • Desirable Location: The property is located minutes from the Domain and Arboretum shopping centers as well as St. David’s North and Ascension Seton hospitals, two of the largest in Austin.
  • Sought-After Tourist Destination: Located in Austin, Texas, which attracts more than 30 million visitors each year.
  • High Traffic Intersection: Busy hard corner location adjacent to US-183 with traffic counts in excess of 34,000 VPD. US-183 (147,800+ VPD) is the main artery that connects Cedar Park which is home to a large population (of 85,000 residents) that commutes daily to Austin.
  • Profitable Store: Extremely well-performing store with $7.9 million in sales volume.
  • Established Market: Located minutes from the tourist corridor with close proximity to the city’s top attractions.

Listing Agents

davy turner stream capital partners

Davy Turner

Vice President
310 433 5945
[email protected]

Broker of Record: Kyler Bean Lic. #646910

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