Skip to main content

Drug Store

Walgreens

3601 W William Cannon Dr, Austin, TX 78749

Listing Price: $8,306,667

Cap Rate
3.75%
Tenant Name
Walgreens
Years Remaining On Lease
13.3
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Absolute Net
Rent Per Square Feet
$22.40

Investment Overview

The Deltondo Group of Marcus & Millichap are pleased to present for sale Walgreens & Village Medical a single tenant property located at 3601 West William Cannon Drive, Austin, Texas 78749. Walgreens is comprised of 13,905 square feet and situated on a large 2.09-acre lot just off West William Cannon Drive which oversees 36,863 vehicles per day. This location is also just off South MoPac Expressway which oversees 70,151 vehicles per day. The subject property underwent renovation in 2021 expanding the store to include Walgreen's new Village Medical concept. This Walgreens is 1 of 160 locations to house a Village Medical practice. Walgreens plans to open 200 new Village Medical locations by the end of 2022. Walgreen Company or simply Walgreens is an American company that operates as the second-largest pharmacy store chain in the United States behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. As of August 31, 2018, the company operated 9,560 stores in all 50 states, the District of Columbia and the US territories of Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.

Investment Highlights

  • Corporate (NASDAQ: WBA) Absolute-Net Lease: 13 Years Remaining, 5% Increases Every 5 Years Including Each of the Ten, 5 Year Options to Extend the Term.
  • New Village Medical Concept: Subject Property is 1 of 160 Locations Nationwide that Includes the Village Medical Concept.
  • Excellent Visibility & Ease of Access: Walgreens is Heavily Trafficked on West William Cannon Drive (36,863 VPD) and Near South MoPac Expressway (70,151 VPD).

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $8,306,667

Cap Rate
3.75%
Tenant Name
Walgreens
Years Remaining On Lease
13.3
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Absolute Net
Rent Per Square Feet
$22.40

Investment Highlights

  • Corporate (NASDAQ: WBA) Absolute-Net Lease: 13 Years Remaining, 5% Increases Every 5 Years Including Each of the Ten, 5 Year Options to Extend the Term.
  • New Village Medical Concept: Subject Property is 1 of 160 Locations Nationwide that Includes the Village Medical Concept.
  • Excellent Visibility & Ease of Access: Walgreens is Heavily Trafficked on West William Cannon Drive (36,863 VPD) and Near South MoPac Expressway (70,151 VPD).

Investment Overview

The Deltondo Group of Marcus & Millichap are pleased to present for sale Walgreens & Village Medical a single tenant property located at 3601 West William Cannon Drive, Austin, Texas 78749. Walgreens is comprised of 13,905 square feet and situated on a large 2.09-acre lot just off West William Cannon Drive which oversees 36,863 vehicles per day. This location is also just off South MoPac Expressway which oversees 70,151 vehicles per day. The subject property underwent renovation in 2021 expanding the store to include Walgreen's new Village Medical concept. This Walgreens is 1 of 160 locations to house a Village Medical practice. Walgreens plans to open 200 new Village Medical locations by the end of 2022. Walgreen Company or simply Walgreens is an American company that operates as the second-largest pharmacy store chain in the United States behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. As of August 31, 2018, the company operated 9,560 stores in all 50 states, the District of Columbia and the US territories of Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower