2901 Sugar RdPharr, TX 78577

Property Details for 2901 Sugar Rd

Year built

2004

Property size (Sq ft)

8,040 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

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.

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.2214

Longitude

-98.1921

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