New Circle K Truck
For Sale
Contact for pricing
2705 N Cage Blvd, Pharr, TX
New construction Circle K truck stop for sale.
Property Size5,200 SF
Lot Size6.29 Acres
Price / SF$519.23
Days on Market534
Property Features for 2705 N Cage Blvd
General Information
Standard status
Active
Size
5,200 SF
Lot size
6.29 Acres
Property subtype
RETAIL
Listing Agency:
Secure Net Lease - Dallas
(214) 522-7200
Listed By:
Kyle Varni · License #707940
(469) 694-4189
Source:
Moodyscre
Added: May 7, 2025
Changed: Oct 9
Last Checked: Oct 20 at 9:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a newly constructed Circle K truck stop, completed in 2024. The building spans over 5,200 square feet and is situated on a 2.36-acre site. The property is subject to a 15-year absolute NNN lease, which includes 8% rental increases every 5 years throughout the primary term and any option periods. The location is a premier highway corner on a major thoroughfare, specifically along I-69C, a primary north-south route with a traffic volume exceeding 91,265 vehicles per day. The property includes a large format prototype convenience store with additional high-speed diesel pumps, situated on an oversized parcel.
Key Highlights
- 15‑Year Absolute NNN Lease with 8% Rental Increases Every 5 Years
- Rare New Construction Circle K Truck Stop Ground Lease
- Premier Highway Corner Location on Major Thoroughfare – Along I‑69C (91,265+ VPD)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,466
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,320
$1.5M
Cap Rate 7%
$1,078,086
$1.1M
Cap Rate 9%
$838,511
$838.5K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$106.7K $20.52/SF
− Vacancy
−$6.1K −$1.17/SF
EGI
$100.6K $19.35/SF
− OpEx
−$25.2K −$4.84/SF
NOI
$75.5K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,320
Cap Rate 7%
$1,078,086
Cap Rate 9%
$838,511
Alternative Uses
Best Use
Specialty Retail
$1.08M
$943.3K – $1.26M
NOI $75,466 @ 7.0% cap · market cap 2.80%
Second Best
Retail
$1.00M
$877.6K – $1.17M
NOI $70,211 @ 7.0% cap · market cap 2.60%
Theoretical Best
Hotel Hospitality
$3.92M
$3.43M – $4.57M
NOI $274,170 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Lone Star National Bank
Shops & Services
5,709 visits/mo
0.4 miles
Tropical Smoothie Cafe
Dining
4,254 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Truck stop - New construction Circle K truck stop for sale.
Where is this truck stop located?
The property is located at 2705 N Cage Blvd Pharr, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 15‑Year Absolute NNN Lease with 8% Rental Increases Every 5 Years; Rare New Construction Circle K Truck Stop Ground Lease; Premier Highway Corner Location on Major Thoroughfare – Along I‑69C (91,265+ VPD)
