February 20, 2025 – Charles Moody and Ryan O’Rourke of Horvath & Tremblay have successfully completed the sale of Cage Plaza in Pharr, Texas. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,875,000.
Cage Plaza is located at 1305 S Cage Boulevard in Pharr, Texas. 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. Kiki’s Restaurant has 4+ years remaining on their lease with one (1), 5-year renewal option. Total by Verizon has 4+ years remaining on their lease with two (2), 5-year renewal options and Polish me Pretty Nail Salon has 1+ years remaining on their lease. The Cash Store has been at this location since 2014 and recently exercised their renewal option demonstrating their commitment to the site and the market. The Cash Store has 4+ years remaining on their lease with two (2), 5-year renewal options. Each of the tenants at Cage Plaza have net leases and are responsible for their pro-rata share of all real estate taxes, insurance, common area maintenance, and repairs to the Property 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.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.