4001 William Cannon Dr W, Austin, TX 78749

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Building Details:

EXP Realty Advisors exclusively presents for sale a 12,900 square foot freestanding retail facility 100% leased to CVS Corp. for a term of 25 years with Ten, 5-Year options. The lease is NNN and the tenant is responsible for all property expenses, including roof and structure. The lot size is 3.9 acres. The property is located at the signalized intersection of W. William Cannon Drive and South Mopac Expressway (Route 1) in Austin, Texas. The property sits on a large lot with approximately 72 parking spaces and features two drive thrus. Retailers in the immediate neighborhood include Costco, Staples, Golds Gym, Starbucks, Haverty, Radio Shack, and Chase Bank. There are currently over 11,800 people within one mile of the property with an average household income of over $78,000. Within three miles of the site the population exceeds 84,000 people with an average household income of over $83,000. The five mile population exceeds 216,000 people with an average household income of just over $80,000.

Austin, located in Travis County, is the state capital of Texas and the 14th most populous City in the United States. The city is the cultural and economic center of the Austin–Round Rock–San Marcos metropolitan area, with a population of over 1,716,291 (2010 U.S. Census), making it the 35th-largest metropolitan area in the United States. In addition, The area is home to many companies, including the headquarters of four Fortune 500 corporations: Whole Foods, Freescale Semiconductor, Forestar Group, and Dell.