Listed by Sands Investment Group Austin, Sands Investment Group
$2,600,000
Circle K - Laredo, TX
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,650
Cap Rate 5%
NOI $130,000
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options 5% Every 5 Years
Price per SqFt $460
Year Built 2026
Buildings 1
Acreage 1.350
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/02/2026
Ground Lease Yes
Circle K | 5.00% CAP | 5,650 SF | Absolute Triple Net (NNN) Ground Lease
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 5,650 SF Circle K located at 3219 Lomas Del Sur Boulevard in Laredo, TX. This newly constructed, investment-grade convenience retail asset is secured by a 15- year Absolute Triple Net (NNN) Ground Lease with 5 additional, consecutive 5-year renewal options, offering up to 40 years of potential tenancy.
Investment highlights
- Stable Income: This asset is backed by a long-term 15-year Abs NNN Ground Lease with 5% rent increases every 5 years, delivering consistent income growth.
- Strategic Location Advantage: Located on a signalized, hard corner intersection near a handful of other new construction retail sites. Laredo is one of the most active trade corridors in the United States, benefiting from significant cross-border commerce, population growth, and strong daily traffic counts. The site’s accessibility and visibility support consistent customer demand and long-term operational success for the tenant.
- New Construction: Location opened for business in March, 2026. This newly developed property offers long-term durability and investment stability.
- Investment Grade Tenant: Circle K has signed a long-term lease for the property. The company operates thousands of locations worldwide and maintains a strong operating history and established corporate presence.
- Zero Landlord Responsibilities: The Absolute Triple Net (NNN) Ground Lease shifts all property responsibilities to the tenant, including taxes, insurance, and CAM. This offers an ideal opportunity for a passive investor.
Listing Contacts
Listed by Sands Investment Group Austin, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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