2021 Pecan St W
Pflugerville, TX 78660
Walgreens - Austin (Pflugerville), TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Backed Long-Term Lease – Walgreens has operated at this location for over 28 years and recently extended their lease until August of 2032
- Walgreens (NASDAQ: “WBA”) has a BBB credit rating by Standard & Poor’s with over $139.5 billion in annual revenue and market cap of $41.82 billion
- Strong Population Growth – Population counts are expected to grow by approximately 15% within the next four years
- Below Market Rent – Tenant is currently paying below market rent offering significant upside potential
- Approximately 13 Miles Northeast of Downtown Austin – Over 123,900 residents within a 3-mile radius and over 260,300 residents within a 5-miles radius
- One Block from Pflugerville Heath Care Center and Wells Point Lodge – Premier nursing and senior living facilities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,500 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.72 AC
Parking
58 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
270’ on West Pecan Street
PROPERTY TAXES
| Parcel Number | 363068 | Improvements Assessment | $3,386,766 |
| Land Assessment | $1,121,234 | Total Assessment | $4,508,000 |
