Walgreens Absolute NNN
For Sale
Contact for pricing
2401 Ranch Rd 620 S, Austin, TX 78734
Established drugstore location with extended lease term, renewal options, and no landlord responsibilities.
Property SizeContact for details
Days on Market142
Property Features for 2401 Ranch Rd 620 S
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
87,792 vehicles/day
Additional Details
Asking Price
$8,040,000
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 29 at 5:46PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This Walgreens property is subject to an absolute NNN lease with approximately 10 years remaining in the primary term. The lease includes 10 five-year renewal options and places no landlord responsibilities on ownership. Walgreens has extended the lease and plans to add a Village Medical Clinic within the store. The tenant guarantees the income under the lease.
The site occupies the signalized intersection of Ranch Road 620 and Lohmans Spur Road, where traffic counts are approximately 50,521 VPD and 37,271 VPD, respectively. Combined daily traffic is approximately 87,792 vehicles. A CVS is located directly across the intersection, and the property is one of only two drugstores within a three-mile radius. Baylor Scott & White Medical Center, a 106-bed hospital, is one mile south of the store.
The site occupies the signalized intersection of Ranch Road 620 and Lohmans Spur Road, where traffic counts are approximately 50,521 VPD and 37,271 VPD, respectively. Combined daily traffic is approximately 87,792 vehicles. A CVS is located directly across the intersection, and the property is one of only two drugstores within a three-mile radius. Baylor Scott & White Medical Center, a 106-bed hospital, is one mile south of the store.
Key Highlights
- Absolute NNN lease with approximately 10 years remaining in the primary term
- 10 five‑year renewal options
- No landlord responsibilities under the lease
Property Analytics
Property Profile
Current Use
Lease Details
87,792 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
237k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Dining 37%
Shops & Services 16%
Apparel 4%
H-E-B
Groceries
65,447 visits/mo
0.4 miles
Randalls
Groceries
20,489 visits/mo
0.2 miles
H-E-B Fuel
Shops & Services
19,962 visits/mo
0.4 miles
Whataburger
Dining
17,421 visits/mo
0.3 miles
Starbucks
Dining
15,543 visits/mo
0.1 miles
Demographics for 78734, TX
22,963
Population
10,885
Households
2.1
Avg Household Size
47
Median Age
59%
College-Educated
94%
High-School Grad
18.9 sq mi
ZIP Area
1,215
Density / Sq Mi
$129,116
Median Household Income
$67,881
Median Earnings
$1,930
Median Rent
$626,100
Median Home Value
Market
Vacancy Rate% for Retail in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Established drugstore location with extended lease term, renewal options, and no landlord responsibilities.
Where is this nnn property located?
The property is located at 2401 Ranch Rd 620 S Austin, TX.
What are key features of this property?
This property features: Absolute NNN lease with approximately 10 years remaining in the primary term; 10 five‑year renewal options; No landlord responsibilities under the lease
