Circle K Pharr, TX

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+

Copyright © 2024 Secure Net Lease.