1950 W William Cannon Dr

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1950 W William Cannon Dr

Austin, TX 78745
Asking Price
$9.38M
Cap Rate
5.5%
Asset Type
Pharmacy/Drug Retail
Class
Class B

What's Special

Infill South Austin | 7 miles from Downtown | 17+ Yr Absolute NNN Lease | 69,000 VPD Intersection <ul><li>​Absolute NNN, corporately guaranteed lease with over 17 years remaining (no rent holiday), and rare 10% rent increases at the start of each renewal option</li><li>​Hard corner site with drive thru and ample parking strategically situated on the high traffic, signalized intersection of West William Cannon Drive and Menchaca Road (69,000 VPD) with multiple points of ingress/egress</li><li>​Outstanding demographics with average household income over $135,000 within one mile and over 120,00

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NOI
$80,000
Cap Rate
0.85%
DSCR
0.14
Underwater
Cash-on-Cash
-16.95%
Monthly Payment
$46,387.332
Annual Cash Flow
$-476,647.987

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