REIT Sale | Former Dollar General | Built 2010 | 1.8 Acres

Description:

Ri Marketplace Online Auction September 8th - 10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2642/reit-sale-former-dollar-general-built-2010-1.8-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2642

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 8422 Business 77 N in Lyford, Texas 78569 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a well-located commercial asset at a substantial discount. FIRST BID MEETS RESERVE!

Built in 2010, the Property comprises a one-story, free-standing retail building totaling ±9,209 gross square feet, with 28 standard parking spaces and 2 ADA spaces, situated on a ±1.759-acre parcel (±76,633 SF). The site offers excellent accessibility via two curb cuts and features a prominent pylon sign along 375 feet of frontage on Business Highway 77 (±3,935 VPD), a major arterial road visible from US-77/HWY-69E (±19,468 VPD). Previously leased to Dollar General under a triple net (NNN) structure, the Property presents a compelling value-add opportunity for investors or owner/users to re-lease the space at market rents (CoStar estimated retail rates: $16/SF NNN). Zoned “C-2” General Commercial, the Property supports a wide range of retail and commercial uses, offering strong flexibility for a variety of business types. The oversized parcel may also accommodate future development or parcelization, creating an additional potential revenue stream.

The Property is located in Lyford, TX, within a rural yet well-connected corridor strategically positioned along the north side of Business Highway 77, a primary arterial serving the City of Lyford and the surrounding Willacy County region. Lyford, recognized for its agricultural roots and strong community ties, is part of the fast-growing Rio Grande Valley, one of Texas’s most dynamic regions. The site enjoys visibility from US-77/HWY-69E and sits just ±0.5-mi from Exit 42B, providing immediate access to the expressway. Additionally, it is located approximately ±2-mi from a major on-ramp for US-77/HWY-69E, enabling seamless regional connectivity. The Property also benefits from proximity to Raymondville (±5-mi), the county seat and center for government services and commerce; Harlingen (±18-mi), a key retail and industrial hub; and McAllen (±45-mi), a thriving metropolitan area with significant economic momentum. It is also just ±65-mi from Reynosa, Mexico, an active cross-border trade region. Popular recreational destinations such as Laguna Atascosa National Wildlife Refuge (±30-mi) and South Padre Island (±45-mi) help support year-round traffic and local spending. Within a 3-mi radius, the Property serves ±3,090 residents with an average household income of approximately $72,500, while the 5-mi population expands to ±13,931 residents providing a solid consumer base for a variety of retail and service-oriented businesses.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

Documents: