Freestanding Drug Store with
For Sale
Contact for pricing
1950 W William Cannon Dr, Austin, TX 78745
Signalized corner placement provides drive-through access and on-site parking for convenience-oriented retail operations.
Property Size13,225 SF
Price / SF$708.96
Days on Market141
Property Features for 1950 W William Cannon Dr
General Information
Standard status
Active
Size
13,225 SF
Total Parking Spaces
46
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$515,673
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
69,000 vehicles/day
Building Details
Year Built
2018
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Francisco, California
Listed By:
Christopher Sheldon · License #CA 01806345
Source:
Crexi
Added: Apr 15
Changed: Sep 2
Last Checked: Aug 31 at 10:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
The 13,225-square-foot freestanding drug store was built in 2018 and includes a drive-through and on-site parking. The property is occupied by CVS Pharmacy and has more than 17 years of primary lease term remaining.
The store occupies the southwest corner of West William Cannon Drive and Menchaca Road in Austin, at a signalized intersection reporting combined traffic counts of 69,000 vehicles per day. William Cannon Drive connects with South Congress Avenue, I-35, and the MoPac Expressway, while Menchaca Road provides access toward South Lamar Boulevard and downtown Austin.
The surrounding area includes dense residential neighborhoods and daily-needs retail, with Sprouts Farmers Market, PNC Bank, and Wells Fargo among nearby tenants. The property is approximately 7 miles from downtown Austin and 10 miles from Austin-Bergstrom International Airport.
The store occupies the southwest corner of West William Cannon Drive and Menchaca Road in Austin, at a signalized intersection reporting combined traffic counts of 69,000 vehicles per day. William Cannon Drive connects with South Congress Avenue, I-35, and the MoPac Expressway, while Menchaca Road provides access toward South Lamar Boulevard and downtown Austin.
The surrounding area includes dense residential neighborhoods and daily-needs retail, with Sprouts Farmers Market, PNC Bank, and Wells Fargo among nearby tenants. The property is approximately 7 miles from downtown Austin and 10 miles from Austin-Bergstrom International Airport.
Key Highlights
- 13,225‑square‑foot freestanding drug store built in 2018
- CVS Pharmacy occupancy with more than 17 years of primary lease term remaining
- Drive‑through and on‑site parking
Property Analytics
Property Profile
Current Use
Lease Details
69,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
71k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 36%
Groceries 23%
Sprouts Farmers Market
Groceries
16,307 visits/mo
0.2 miles
Circle K
Shops & Services
10,710 visits/mo
0.4 miles
Church's Chicken
Dining
8,369 visits/mo
0.1 miles
Cicis
Dining
8,328 visits/mo
0.0 miles
Pet Supplies Plus
Shops & Services
5,920 visits/mo
0.1 miles
Demographics for 78745, TX
59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
Market
Vacancy Rate% for Retail in Austin, TX
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Similar Off Market Nearby
- Sprouts Farmers Market — 6920 Menchaca Rd, Austin, TX 78745
- CVS Pharmacy — 1950 W William Cannon Dr, Austin, TX 78745
- Stonegate Pharmacy — 2501 W William Cannon Dr #203, Austin, TX 78745
- Andres Ruiz — 2501 W William Cannon Dr #203, Austin, TX 787455255
- Rene Garza — 2501 W William Cannon Dr #203, Austin, TX 787455255
Frequently Asked Questions
What type of property is this?
Drug store - Signalized corner placement provides drive-through access and on-site parking for convenience-oriented retail operations.
Where is this drug store located?
The property is located at 1950 W William Cannon Dr Austin, TX.
What is the asking price?
The asking price for this property is $9,376,000.
What are key features of this property?
This property features: 13,225‑square‑foot freestanding drug store built in 2018; CVS Pharmacy occupancy with more than 17 years of primary lease term remaining; Drive‑through and on‑site parking
