203 Ferguson St - Retail FOR SALE


Pharr, TX 78577- East McAllen
$825,000 USD
469-916-8811
203 Ferguson St, Pharr, TX for Sale
$825,000 USD
Retail - FOR SALE
1/5
null | 7.43% Cap Rate

203 Ferguson St
Pharr, TX 78577
East McAllen


HIGHLIGHTS

  • Just Under 4 Years Remaining on NN Fee-Simple Lease – Minimal Landlord Responsibilities
  • Dollar General Corporation (S&P: BBB) – Strong Corporate Guarantee from a National, Investment-Grade Tenant
  • Three (3) Five-Year Renewal Options – Featuring 10% Rent Increases at Each Option Period – Inflation Hedge
  • Extensively Renovated in 2022 – Upgraded Exterior, Signage, Parking Lot, Roof, and HVAC Systems Ensure Long-Term Commitment and Stability
  • High Visibility and Excellent Access – Located Near Hwy 281 Entry/Exit with Prime Frontage on E Ferguson St that sees 28,170+ VPD
  • Robust Local Demographics – 227,220 Residents within a 5-Mile Radius and an Average Household Income of $66,106

OVERVIEW

The EngVest Group is pleased to present the opportunity to acquire the fee-simple interest in a Dollar General located at 203 E Ferguson Street in Pharr, Texas. This investment offers an attractive combination of passive income, long-term stability, and national credit strength, backed by a corporate guarantee from Dollar General Corporation (S&P: BBB). With just under four years remaining on a NN lease and minimal landlord responsibilities, this property delivers a truly low-maintenance opportunity in one of the most resilient retail segments. Recently renovated in 2022—including upgrades to the exterior, signage, parking lot, roof, and HVAC—the store reflects the tenant’s long-term commitment to the location. The lease includes three (3) five-year renewal options with 10% rental increases at each period, providing a built-in inflation hedge. Positioned just off Highway 281, the site benefits from excellent visibility and access, with over 28,170 vehicles per day on E Ferguson Street. Additionally, the property is only 12 miles from the U.S.-Mexico border and the high-traffic Pharr–Reynosa International Bridge, which saw over 1.2 million crossings in 2023. With strong five-mile demographics of 227,220 residents and an average household income of $66,106, this Dollar General stands as a compelling investment at a low entry price, anchored by essential retail demand and economic durability.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

7.43%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Recent 2022 Renovation

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

61,073 SF

ZONING

IN

APN/PARCEL ID

M0170-00-000-0008-00

ASK ABOUT THIS PROPERTY

Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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Austin CheExp Commercial of California, Inc.More Info
469-916-8811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.