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912 N Main St 2,399 SF Retail Building La Feria, TX 78559 $1,550,427 ($646.28/SF) 5.85% Cap Rate
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- 912 Main Street, La Feria, Texas, is a 2,247-square-foot freestanding fast-food restaurant equipped with a drive-thru on a 0.56-acre corner parcel.
- La Feria is part of the rapidly expanding Rio Grande Valley, benefiting from steady population growth and increasing consumer traffic.
- Boasting direct exposure from Interstate 2 with a high-rise pylon sign, providing traffic counts of over 67,000 vehicles per day.
- Backed by a 20-year absolute NNN lease with no landlord responsibilities, operated by an experienced Dairy Queen franchisee with 30+ years of success.
- Supported by a great retail trade area with an average annual household income of $73,000 contributing to $328M in spending within a 5-mile radius.
- This Dairy Queen is one of three locations available, investors have the flexibility to acquire a single property, a combination of two, or all three.
EXECUTIVE SUMMARY
The Dairy Queen at 912 N Main Street in La Feria, Texas, presents investors with a stable, long-term asset backed by a national brand. This 2,247-square-foot standalone restaurant sits on a 0.56-acre parcel, benefiting from strong visibility and accessibility in the growing Rio Grande Valley market. The property will be sold with a new 20-year absolute NNN lease, guaranteeing zero landlord responsibilities while providing a reliable income stream. The lease is backed by an experienced franchisee with over 30 years in the quick-service industry, ensuring operational stability. With a 5.85% cap rate, this asset offers an attractive return for buyers seeking passive income in a recession-resistant sector. Investors have the option to purchase this location individually or as part of a portfolio that includes two additional Dairy Queen properties.
La Feria continues to experience steady population growth and increasing consumer demand, supported by a mix of national retailers, schools, and residential communities. In fact, the population within a 3-mile radius grew by an astounding 12% from 2020 to 2024. 912 N Main Street maximizes its exposure to these consumers with a corner location and a high-rise pylon sign that can be seen from Interstate 2. With a strong national tenant, a growing market, and superior traffic, 912 N Main Street is a resilient investment in both the short and long term. Inquire now.
La Feria continues to experience steady population growth and increasing consumer demand, supported by a mix of national retailers, schools, and residential communities. In fact, the population within a 3-mile radius grew by an astounding 12% from 2020 to 2024. 912 N Main Street maximizes its exposure to these consumers with a corner location and a high-rise pylon sign that can be seen from Interstate 2. With a strong national tenant, a growing market, and superior traffic, 912 N Main Street is a resilient investment in both the short and long term. Inquire now.
MATTERPORT 3D TOURS
912 N Main St, La Feria Drive Thru
/2
SALE FLYER
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,399 SF
Building Class
C
Year Built
1988
Price
$1,550,427
Price Per SF
$646.28
Cap Rate
5.85%
NOI
$90,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.56 AC
Zoning
C
Parking
36 Spaces (15.01 Spaces per 1,000 SF Leased)
Frontage
125’ on MAIN ST
AMENITIES
- Restaurant
- Signage
- Drive Thru
- Accent Lighting
- Air Conditioning
- Smoke Detector
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
6,500
17,494
33,641
85,630
2029 Population
6,863
18,257
34,967
88,171
2024-2029 Projected Population Growth
5.6%
4.4%
3.9%
3.0%
Median Age
37.4
36.4
35.9
34.4
College Degree + Higher
13%
16%
17%
10%
Daytime Employees
2,248
3,448
7,451
25,871
Total Businesses
216
368
799
2,924
Average Household Income
$52,555
$64,735
$72,916
$64,742
Median Household Income
$35,516
$43,683
$52,752
$48,709
Total Consumer Spending
$56.1M
$163.6M
$327.5M
$749.5M
2024 Households
2,330
5,919
11,195
27,757
Average Home Value
$111,438
$140,960
$153,795
$132,207
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Church's Chicken | - | - | 2 min walk |
| Whataburger | - | - | 3 min walk |
| Subway | - | - | 4 min walk |
| Domino’s | - | - | 4 min walk |
| Burger King | - | - | 5 min walk |
| Little Caesars | - | - | 5 min walk |
RETAIL |
||
|---|---|---|
| Dollar Tree | Dollar/Variety/Thrift | 4 min walk |
| 7-Eleven | Convenience Market | 4 min walk |
| Family Dollar | Dollar/Variety/Thrift | 7 min walk |
| CVS Pharmacy | Drug Store | 9 min walk |
HOTELS |
|
|---|---|
| La Quinta Inns & Suites |
66 rooms
6 min drive
|
| Holiday Inn Express |
124 rooms
11 min drive
|
| Courtyard |
114 rooms
11 min drive
|
| Hilton Garden Inn |
149 rooms
12 min drive
|
PROPERTY TAXES
| Parcel Number | 855380-0520-051000 | Improvements Assessment | $378,042 |
| Land Assessment | $135,281 | Total Assessment | $513,323 |
PROPERTY TAXES
Parcel Number
855380-0520-051000
Land Assessment
$135,281
Improvements Assessment
$378,042
Total Assessment
$513,323
SALE ADVISOR
SALE ADVISOR
David Lozano, Corporate Advisor & Director of Real Estate
David Lozano leads real estate interests for F&P Development and broader F&P Brands, which is owned by his father. David has significant experience in retail real estate, especially franchising. Mr. Lozano mainly works with properties leased by Dairy Queen and Schlotzky's, and trades the properties once the location is well-established.
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