For Sale
$729,000

2901 Sugar Rd Pharr, TX 78577

8,040 SF NNN Lease, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a single-tenant, Class A industrial property located at 2901 N Sugar Rd Unit 1, Pharr, TX 78577. The 8,040-square-foot building, constructed in 2004 on a 17,604-square-foot lot, boasts a desirable distribution, flex, and warehouse configuration. Currently 100% occupied by a corporate tenant (Excel) under a triple-net (NNN) lease with a corporate guarantee, offering significant financial stability. The lease, with a remaining term of approximately 1.4 years (expiring 03/31/2026), includes two lease options, providing long-term income potential. The property features seven parking spaces and is zoned for industrial use. The asking price is $729,000, representing a compelling $90.67 per square foot and a 7.00% capitalization rate based on a Net Operating Income (NOI) of $51,000. The property benefits from convenient access to Highway 83 and Highway 281, enhancing its logistical appeal. This is a turnkey investment with a strong tenant and attractive financial metrics. The property is a two-story building with one unit. The Hidalgo County location adds to its strategic value. This is a rare opportunity to acquire a well-located, high-quality industrial asset with a strong tenant and significant upside potential.

Highlights

  • Excellent access to Highway 83.
  • Convenient access to Highway 281.
  • Triple-net (NNN) lease with multiple extension options.
  • Long-term lease with an A-credit tenant (Excel).

Property Details for 2901 Sugar Rd

Property type
Warehouses, Industrial properties
Square Feet
8,040 SF
Class
A
Year Built
2004
Buildings
1
Stories
2
Units
1

Location Insight

City
Pharr
County
Hidalgo
State
Texas
Latitude
26.2213677
Longitude
-98.1921247

FAQs

What type of property is this?
Warehouse - 8,040 SF NNN Lease, 7% Cap Rate
Where is the warehouse located?
The property is located at 2901 Sugar Rd Pharr, TX.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Excellent access to Highway 83.; Convenient access to Highway 281.; Triple-net (NNN) lease with multiple extension options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2901 Sugar Rd
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