CVS Pharmacy 7101 E William Cannon Dr 14,698 SF Retail Building Austin, TX 78744 $9,554,791 CAD ($650.07 CAD/SF) 5.50% Cap Rate

Cushman & Wakefield is pleased to exclusively offer a recently constructed 14,698± SF freestanding CVS Pharmacy with drive-thru in affluent Austin, Texas, leased through January 31, 2042, with over 16 years remaining on an absolute NNN lease (no rent holiday) with rare 10% rent increases at the start of each of the six 5-year renewal options.
Surrounding demographics are outstanding with average household income over $175,000 within one mile and over 58,700 population within 3 miles. Strategically located at the signalized intersection of E William Cannon Drive and McKinney Falls Parkway, the property is part of Easton Park, a master-planned community featuring 5,660 single-family homes, 2,320 townhomes, 6,370 multifamily units, 3.8M SF of commercial space, a hospital, and an 850-room hotel. Neighboring retailers in the intersection include Chick-fil-A, McDonald’s, Dutch Bros, Panda Express, AutoZone, and a new H-E-B in development, with numerous additional retail projects in planning.
Adjacent to Easton Park, Goodnight Ranch will add over 4,500 residential units, schools, and 1.26M SF of retail. South Austin is experiencing explosive growth, with thousands of residential and commercial units planned or under construction. Tesla’s 10M SF Gigafactory, employing 22,700+ workers, is just 13 miles away. McKinney Falls Parkway and E William Cannon Drive offer excellent regional connectivity, linking to Highway 183, I-35, Austin–Bergstrom International Airport (15 minutes), and downtown Austin (25 minutes).