2705 Cage Blvd Pharr, TX 78577
- Office buildings
- 3,340 SF
- 6.49 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2705 Cage Blvd
- Year built
- 1987
- Lot size
- 6.49 lot acres
- Property size
- 3,340 SF
- Property type
- Office buildings
- APN
- K2400-00-000-0140-01
- APU
- K240000000014001
Description
This exceptional investment opportunity presents a brand-new, 2024-built Circle K gas station in Pharr, Texas. Boasting a 5,200 square foot building situated on a 2.355-acre lot, this property features 37 parking spaces, 4 diesel pumps, and 7 canopied gas pumps. The property benefits from a 15-year absolute NNN ground lease with zero landlord responsibilities, ensuring a truly passive investment. The lease includes attractive 8% rent bumps every five years and six, five-year renewal options, providing long-term stability and growth potential. With a current NOI of $135,000 and a 5% cap rate, this offering presents a compelling return on investment. Strategically located along Interstate 69, a major thoroughfare with over 102,000 vehicles daily, and in Pharr, a city thriving due to its proximity to the US-Mexico border, this property enjoys exceptional visibility and high traffic volume. The tenant, Circle K Stores Inc., is a nationally recognized and financially stable operator with thousands of locations across the United States. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a prime location with significant growth prospects. The property's strong tenant, favorable lease terms, and strategic location combine to create a compelling investment opportunity with significant long-term value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1832
- Latitude
- 26.2186
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
