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Circle K - Laredo, TX 3219 Lomas Del Sur Boulevard 5,650 SF 100% Leased Retail Building Laredo, TX 78046 $3,597,230 CAD ($636.68 CAD/SF) 5% Cap Rate
Investment Highlights
- 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.
- Location opened for business in March, 2026. This newly developed property offers long-term durability and investment stability.
- The Absolute Triple Net (NNN) Ground Lease shifts all property responsibilities to the tenant, including taxes, insurance, and CAM.
- Located on a signalized, hard corner intersection near a handful of other new construction retail sites.
- Circle K has signed a long-term lease for the property. The company operates thousands of locations worldwide and maintains a strong operating history
Executive Summary
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.?
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$179,862
|
$31.83
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $179,862 |
| Annual Per SF | $31.83 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,650 SF
Building Class
C
Year Built
2026
Price
$3,597,230 CAD
Price Per SF
$636.68 CAD
Cap Rate
5%
NOI
$179,862 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
1.35 AC
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Circle K
- Retailer
- 5,650 SF
- $31.84 CAD
- Triple Net
- Feb 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Circle K | Retailer | 5,650 SF | $31.84 CAD | Triple Net | Feb 2041 |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 364795 | Improvements Assessment | $0 CAD |
| Land Assessment | $910,877 CAD | Total Assessment | $910,877 CAD |
Property Taxes
Parcel Number
364795
Land Assessment
$910,877 CAD
Improvements Assessment
$0 CAD
Total Assessment
$910,877 CAD
Contacts
-
Cayson Willeford -
Stratton Greig -
Dave Wirgler -
Sands Investment Group Austin, LLC
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Circle K - Laredo, TX | 3219 Lomas Del Sur Boulevard
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