2901 Sugar Rd Pharr, TX 78577
- Warehouses
- 8,040 SF
Current Use by Public Records
- Warehouses
Property Details for 2901 Sugar Rd
- Year built
- 2004
- Property size
- 8,040 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a single-tenant, Class A industrial property located at 2901 N Sugar Rd Unit 1, Pharr, TX 78577. The 8,040-square-foot building, constructed in 2004 on a 17,604-square-foot lot, boasts a desirable distribution, flex, and warehouse configuration. Currently 100% occupied by a corporate tenant (Excel) under a triple-net (NNN) lease with a corporate guarantee, offering significant financial stability. The lease, with a remaining term of approximately 1.4 years (expiring 03/31/2026), includes two lease options, providing long-term income potential. The property features seven parking spaces and is zoned for industrial use. The asking price is $729,000, representing a compelling $90.67 per square foot and a 7.00% capitalization rate based on a Net Operating Income (NOI) of $51,000. The property benefits from convenient access to Highway 83 and Highway 281, enhancing its logistical appeal. This is a turnkey investment with a strong tenant and attractive financial metrics. The property is a two-story building with one unit. The Hidalgo County location adds to its strategic value. This is a rare opportunity to acquire a well-located, high-quality industrial asset with a strong tenant and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pharr
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1921
- Latitude
- 26.2214
