This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Cage Plaza 1305 S Cage Blvd

6,833 SF 100% Leased Retail Building Pharr, TX 78577 $2,182,938 ($319/SF) 7% Cap Rate

Investment Highlights

  • Long Tem Leases
  • Strategic Retail Location
  • High Traffic Counts
  • Minimal Landlord Responsibilities
  • Economic Trade Area
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Cage Plaza, a well-maintained retail plaza located at 1305 S Cage Boulevard in Pharr, Texas (the “Property”). Cage Plaza is a 6,833 square foot retail plaza on a 0.74-acre parcel that is 100% leased to a complimentary mix of four tenants. The center is leased to Kiki’s Restaurant, Total by Verizon, Polish me Pretty Nail Salon, and Cash Store. Each of the tenants have net leases making it an attractive investment for the passive investor and protecting the in-place cash flow against rising costs of service and labor. Cage Plaza is positioned adjacent to the signalized intersection of E Ridge Road and S Cage Boulevard (US Route 281), two of the area’s primary commercial and commuter corridors. The Property is adjacent to CVS and across the street from an H-E-B plus!, the area’s dominant grocer, both of which drive significant traffic to the area. The Property is 2-miles from the junction of Interstates 2 and 69C and is surrounded by area schools and densely populated residential neighborhoods that provide a captive customer base.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,833 SF
Building Class
B
Year Built
2014
Price
$2,182,938
Price Per SF
$319
Cap Rate
7%
NOI
$152,806
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Land Acres
0.74 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C9837-00-000-0002-00
Land Assessment
$515,160
Improvements Assessment
$501,150
Total Assessment
$1,016,310
  • Listing ID: 33687914

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 1305 S Cage Blvd, Pharr, TX 78577

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}