New Development Dollar General
For Sale
Contact for pricing
17719 Primera Rd, Harlingen, TX
New Texas Dollar General store with strong demographics.
Property Size12,480 SF
Lot Size18.35 Acres
Price / SF$141.80
Days on Market874
Property Features for 17719 Primera Rd
General Information
Standard status
Active
Size
12,480 SF
Lot size
18.35 Acres
Property subtype
RETAIL
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(817) 304-8916
Listed By:
Cody Crist · License #697980
(817) 584-2000
Source:
Moodyscre
Added: Jun 3, 2024
Changed: Oct 3
Last Checked: Oct 23 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new development features a Dollar General "Market" concept store, utilizing a larger 12,480-square-foot prototype. The absolute NNN lease structure requires zero landlord responsibilities. The property benefits from a location with strong demographics, with over 80,000 residents within a 5-mile radius. It also features strong traffic generators and faces large residential neighborhoods.
Key Highlights
- 7% cap new development Dollar General
- Absolute NNN lease requiring zero landlord responsibilities
- DG “Market” concept – larger 12,480 square foot prototype
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,236
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,544,720
$2.5M
Cap Rate 7%
$1,817,657
$1.8M
Cap Rate 9%
$1,413,733
$1.4M
Market Conditions
NOI Build-Up for 12,480 SF
Gross rent
$179.7K $14.40/SF
− Vacancy
−$10.1K −$0.81/SF
EGI
$169.6K $13.59/SF
− OpEx
−$42.4K −$3.40/SF
NOI
$127.2K $10.20/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,544,720
Cap Rate 7%
$1,817,657
Cap Rate 9%
$1,413,733
Alternative Uses
Best Use
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,236 @ 7.0% cap · market cap 7.19%
Second Best
Retail
$1.70M
$1.48M – $1.98M
NOI $118,754 @ 7.0% cap · market cap 6.71%
Theoretical Best
Healthcare Medical
$2.15M
$1.88M – $2.51M
NOI $150,419 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,543 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - New Texas Dollar General store with strong demographics.
Where is this grocery and convenience store located?
The property is located at 17719 Primera Rd Harlingen, TX.
What is the asking price?
The asking price for this property is $1,769,653.
What are key features of this property?
This property features: 7% cap new development Dollar General; Absolute NNN lease requiring zero landlord responsibilities; DG “Market” concept – larger 12,480 square foot prototype
