1301 E US Highway 83
McAllen, TX 78501
Elstar Dental & Braces - McAllen, TX · Office Property For Sale

SHOP Companies is pleased to present the opportunity for qualified investors to acquire a corporately backed dental office located in McAllen, Texas. The 7,500 SF building, situated on a 1.09-acre outparcel, is 100% leased to Elstar Dental, which recently consolidated two practices into this fully renovated facility. The property is an outparcel to Home Depot, positioned along one of the market’s top three premier retail arteries. The lease is backed by New Benevis Smiles, LLC, a national dental and braces practice operating 200+ locations under multiple brands. The property features a NN lease – landlord responsible for roof and structure – with 8+ years remaining on the original 10.5-year term and two (2) five-year options that include 10% rental increases, providing long-term income with built-in growth.
Strategically located at the signalized intersection of US Highway 83 and North Jackson Road, the site sees strong daily traffic volumes of over 22,000 vehicles per day. The outparcel sits directly across from Pharr Town Center, a 460,000 SF regional power center home to major national retailers including Academy, TJ Maxx, Ross, Five Below, Main Event, and more. This thriving retail hub is undergoing continued development, further enhancing the long-term value of this location. The surrounding area boasts strong suburban demographics and a dense population base, with over 238,000 residents within a 5-mile radius. The property is conveniently located near a Simon luxury mall, attracting upscale shoppers to the area. The continued commercial expansion and population growth in McAllen support the long-term viability and performance of this tenant, making the property an ideal acquisition for investors seeking passive, stable income backed by institutional-grade credit.
McAllen is one of the fastest-growing cities in Texas and a key economic engine of the Rio Grande Valley. McAllen serves as a key border town for numerous manufacturing and trading companies operating in Mexico. Many affluent business owners live with their families in McAllen while operating businesses across the border. Mexico has become the United States' top trading partner—and its role continues to grow. As the largest city in Hidalgo County, McAllen anchors a binational metropolitan area with over 1.5 million residents and serves as a major hub for healthcare, retail, international trade, and education. Known for its pro-business climate, affordable cost of living, and strategic location along the U.S.-Mexico border, McAllen has consistently ranked among the top-performing small cities in the nation for job growth and economic strength, according to Forbes and the Milken Institute. The city benefits from robust cross-border commerce and a diversified economy that continues to attract national retailers, corporate investment, and institutional capital, reinforcing its position as a rising market on the national stage.