2113 Wells Branch Pkwy Building 5 Austin, TX 78728

Listing agency CBRE - Atlanta b***@cbre.com Show Phone

Listed by Chris Bosworth · License #GA 248342

Source Crexi

Added: Apr 11 Updated: Jul 22 at 1:55PM Checked: Jul 22 at 1:55PM

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Investment Insights

Based on property information with market context.

This is a freestanding CVS pharmacy property built in 2020, offered as an absolute NNN net lease. The lease includes a corporate guaranty from CVS Health Corporation, with approximately 23 years remaining in the primary term and ten 5-year renewal options. The offering is described as a 14,785-square-foot building situated on 1.75 acres.

The property is located at 2113 Wells Branch Pkwy, Building 5, in Austin, Texas. The public remarks also note the broader Austin-Round Rock-San Marcos MSA population of 2.3 million.

As presented, the transaction is for sale, and the listing is positioned as a long-term, corporate-guarantied lease with a remaining primary term and multiple renewal opportunities.

Key Highlights

• 14,785 SF freestanding CVS on 1.75 acres in Austin, Texas
• Built in 2020
• Absolute NNN lease structure

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FAQs

What type of property is this?

NNN property - Built in 2020, this freestanding CVS offers an absolute NNN lease structure with a CVS Health corporate guaranty.

Where is this nnn property located?

The property is located at 2113 Wells Branch Pkwy Building 5 Austin, TX.

What are key features of this property?

This property features: 14,785 SF freestanding CVS on 1.75 acres in Austin, Texas; Built in 2020; Absolute NNN lease structure