2705 N Cage Blvd
Pharr, TX
Price:
$2,700,000
Cap Rate:
5.00%
NOI:
$135,000
Building Size:
Approx. 5,200 Sq. Ft.
Lot Size:
Approx. 2.36 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2024 Construction. 5,200+/- SF Building on 2.36+/- Acre Site
- Rare New Construction Circle K Truck Stop Ground Lease
- 15-Year Absolute NNN Lease, with 8% Rental Increases Every 5 Years, In Primary Term & Options
- Premier Highway Corner Location on Major Thoroughfare – Along I-69C, a Primary North-South Route (91,265+ VPD)
- Large Format Prototype C-Store w/ Additional High-Speed Diesel Pumps – Oversized Parcel at 2.36 Acres & 5,200 SF
- Circle K has a Investment Grade Credit Rating of BBB+ – With Over 15,000 Locations and $71.86 Billion in Revenue
- Pharr | Thriving Border City – Part of the McAllen-Edinburg-Mission MSA | Population: 80,602+