Circle K

2705 North Cage Boulevard, Pharr, TX

$2,700,000

Price

5%

Cap Rate

$135,000

NOI

Gallery
Street
Map
Overview
Cap Rate
5%
NOI
$135,000
Building Size
5,200 sqft
Lot Area
2.355 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2024
Tenancy
Single
Parking Spots
37
Description

An absolute NNN ground lease with zero landlord expense obligations. Pharr ranks 3rd in the nation for trade with Mexico and currently ranks as the 7th largest border crossing in the U.S. in terms of value for imports and exports. The property is strategically located along Interstate 69, which sees an estimated 102,000+ vehicles per day.

In association with Peter Ellis
A Texas Licensed Broker
Peter Ellis
peter.e@sbcglobal.net
PH: 210.325.7578

Highlights
  • New 15-year absolute NNN ground lease
  • True passive investment with no landlord expense or maintenance obligation
  • Attractive 8% rental escalations every 5 years
  • Brand new 2024 construction featuring 4 diesel pumps, and 7 canopied gas pumps
  • Circle K Stores Inc. is one of the largest gas station operators in the country, with more than 7,230 locations throughout the United States
Documents
Title
CircleK_PharrTX.pdf
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Location
Gallery