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3501 S Cage Blvd
Pharr, TX 78577
7-Eleven Pharr Texas · Retail Property For Sale
Investment Highlights
- New 15-Year Absolute NNN Lease
- 2025 Construction Subject
- 7.5% Rent Bumps every 5 Years
Executive Summary
Northmarq is pleased to offer to qualified investors the opportunity to acquire a single tenant, Absolute NNN leased 7-Eleven (Stripes) located in Pharr, Texas. 7-Eleven has investment grade credit with an S&P A Credit and is one of the largest and most recognized convenience store chains in the world. This location in Pharr, TX is branded as a Stripes which is owned by 7-Eleven. The tenant signed a brand-new 15-Year Absolute NNN lease with 7.5% increases every 5 years. 7-Eleven Credit Rating by Standard and Poors (Long Term Issuer Ratings) A-
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,300 SF
Building Class
B
Year Built
2025
Price
$8,427,000
Price Per SF
$1,590
Cap Rate
5.30%
NOI
$446,678
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
6.08 AC
Zoning
C - Commercial
Parking
55 Spaces (10.38 Spaces per 1,000 SF Leased)
Frontage
713’ on South Cage Boulevard
Property Taxes
| Parcel Number | K2400-00-000-0253-01 | Improvements Assessment | $650,631 |
| Land Assessment | $1,245,119 | Total Assessment | $1,895,750 |
Property Taxes
Parcel Number
K2400-00-000-0253-01
Land Assessment
$1,245,119
Improvements Assessment
$650,631
Total Assessment
$1,895,750
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