1305 Cage Blvd Pharr, TX 78577-6355

This exceptional 6,833 square foot shopping center in Pharr, Texas, presents a compelling investment opportunity. Located at 1305 S Cage Blvd, this single-story, fee-simple property boasts a 100% occupancy rate with four diverse tenants under net leases. The property features a strong NOI of $152,806, yielding a 7.00% cap rate on an asking price of $2,182,938. Built in 2014, the 0.74-acre lot benefits from a prime location adjacent to major roadways, including the signalized intersection of E Ridge Road and S Cage Boulevard (US Route 281). Its strategic placement near CVS and across from an H-E-B plus! ensures high visibility and significant foot traffic. The property's proximity to Interstates 2 and 69C, along with surrounding schools and residential areas, guarantees a substantial and stable customer base. Long-term leases with tenants including Kiki's Restaurant, Total by Verizon, Polish me Pretty Nail Salon, and Cash Store, minimize landlord responsibilities and provide consistent cash flow. The property is situated within a thriving retail corridor, benefiting from the high traffic counts exceeding 38,100 vehicles daily at the nearby intersection. The strong demographics of the area, with approximately 77,900 people within a 3-mile radius and an average household income of $81,512, further enhance the investment potential. The presence of numerous national retailers in the immediate vicinity underscores the robust economic activity and consumer demand in this location. This property offers a secure, passive income stream with significant upside potential.