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Dollar General | Recent 2022 Renovation 203 Ferguson St 8,125 SF Retail Building Pharr, TX 78577 $825,000 ($101.54/SF) 7.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Just Under 4 Years Remaining on NN Fee-Simple Lease – Minimal Landlord Responsibilities
- Three (3) Five-Year Renewal Options – Featuring 10% Rent Increases at Each Option Period – Inflation Hedge
- High Visibility and Excellent Access – Located Near Hwy 281 Entry/Exit with Prime Frontage on E Ferguson St that sees 28,170+ VPD
- Dollar General Corporation (S&P: BBB) – Strong Corporate Guarantee from a National, Investment-Grade Tenant
- Extensively Renovated in 2022 – Upgraded Exterior, Signage, Parking Lot, Roof, and HVAC Systems Ensure Long-Term Commitment and Stability
- Robust Local Demographics – 227,220 Residents within a 5-Mile Radius and an Average Household Income of $66,106
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
8,125 SF
Building Class
C
Year Built/Renovated
2004/2022
Price
$825,000
Price Per SF
$101.54
Cap Rate
7.43%
NOI
$61,282
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.40 AC
Opportunity Zone
Yes
Zoning
IN
Parking
26 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M0170-00-000-0008-00 | Improvements Assessment | $373,637 |
| Land Assessment | $474,950 | Total Assessment | $848,587 |
PROPERTY TAXES
Parcel Number
M0170-00-000-0008-00
Land Assessment
$474,950
Improvements Assessment
$373,637
Total Assessment
$848,587
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Dollar General | Recent 2022 Renovation | 203 Ferguson St
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