203 Ferguson AvePharr, TX 78577

Property Details for 203 Ferguson Ave

Lot size

1.35 AC

Property size (Sq ft)

8,125 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

Exceptional investment opportunity: a 100% occupied Dollar General in Pharr, Texas. This single-tenant, 8,125 square foot grocery store sits on a sizable 1.35-acre lot, offering significant upside potential. The property boasts a strong 7.60% cap rate and a substantial net operating income (NOI) of $62,702. The lease is a Net Net (NN) agreement with Dollar General Corporation, providing a corporate guarantee and investment-grade tenant (BBB rating, S&P). The current lease expires March 30, 2029, with three 5-year renewal options, each including a 10% rent increase. Recent improvements include two new HVAC systems installed in 2023 and a repaved and restriped parking lot. The property enjoys a high-traffic location off Highway 281, a major north-south corridor, and benefits from proximity to other national retailers such as Dairy Queen, Whataburger, 7-Eleven, Subway, Domino's Pizza, Burger King, and H-E-B. The area's dense demographics, with over 227,000 residents within a 5-mile radius and a daily traffic count exceeding 23,000 vehicles, ensure consistent customer flow. This is a turnkey investment with a secure tenant and significant long-term growth prospects. Asking price: $825,000 ($101.54/sq ft).

Location Insight

City

Pharr

County

Hidalgo

State

Texas

Latitude

26.2123

Longitude

-98.1783

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