• Austin Light Rail Expansion – Austin’s planned Orange Line extension to Congress Avenue and William Cannon Drive will enhance connectivity between The University of Texas, Downtown Austin, and Southeast Austin. As one of the city’s most significant transit investments, the project is expected to improve accessibility, support population growth, and drive increased commercial activity throughout the corridor.
• Strong Ridership & Development Potential – The Orange Line is projected to generate approximately 29,000 daily passenger trips, creating a consistent flow of consumers and employees throughout the area. The improved transit access is also expected to encourage new residential, office, and mixed-use developments, further strengthening the trade area’s long-term growth potential.
• Limited Pharmacy Competition – The trade area benefits from limited pharmacy competition, with Walgreens serving as the only major national drugstore operator in the immediate market. This unique positioning provides a strong opportunity to capture local demand for pharmacy services, health and wellness products, and everyday convenience purchases.
• High Traffic Counts & Visibility – The property offers outstanding visibility and access along major transportation corridors, with combined traffic volumes exceeding 314,000 vehicles per day on I-35 (176,200 VPD) and Highway 31 (138,500 VPD), providing strong exposure to a large consumer base. It also benefits from a prime location at the signalized intersection of E. William Cannon Drive and South Congress Avenue, which sees approximately 64,100 vehicles per day, further enhancing visibility and accessibility for retailers and service providers.