•	CVS Pharmacy Corporate guarnteed lease (S&P: BBB)
•	18 years remaining with 6 (5-year) option periods to extend
•	The lease features a 10% rental increase at the beginning of each option period, increasing the NOI and creating a hedge against inflation

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•	The subject property is located at the signalized, hard-corner intersection of W. William Cannon Drive and Menchaca Road, with a combined average of 69,400 vehicles per day
•	Approximately two miles from Highway 1, a major retail and commuter thoroughfare that sees over 89,600 vehicles per day
•	The property is positioned in a retail corridor with national and credit tenants such as H-E-B, Starbucks, Lowe’s Home Improvement, Sprouts, Planet Fitness, Dollar General, Altitude Trampoline Park, and more
•	The site is equipped with a large pylon sign, enhancing visibility and helping drive customer traffic
•	Strong tenant synergy promotes crossover shopping to the subject property

Austin, TX - CVS

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Ivy Kwon

Senior Marketing Associate

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Austin, TX - CVS

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Matthew Mousavi

Patrick Luther, CCIM