Five Below in Mcallen, TX

Five Below Mcallen, located at 3116 W. Nolana Avenue in McAllen, Texas, is a 9,055 sq ft renovation project that passed its final TDLR accessibility inspection in September 2026. The TDLR record confirms the construction phase is complete, with the final inspection status marked as complete. This tenant build-out for the retail chain was registered with the Texas Department of Licensing and Regulation in November 2025.

The project was developed by FL Nolana, LLC, which also owns the nearby Parke at Nolana. Sargenti Architects served as the design firm of record, a firm that has worked on multiple retail projects across Texas, including locations in Houston, Dallas, and Cypress. Steven Schwartz is the registered accessibility specialist listed on the filing. The estimated cost for the renovation was $175,000, which works out to approximately $19 per square foot.

Construction Timeline and Scope

Plan review for the project was completed in December 2025. Construction began in January 2026, and the filing indicated a completion date of August 2026. The actual final TDLR accessibility inspection was passed in September 2026. The scope of work was defined as a tenant build-out, a common type of renovation for retail spaces where a new tenant customizes an existing shell to fit their brand and operational needs.

In Hidalgo County, the median estimated cost for similar renovation and alteration projects is $250,000, with a median size of 3,900 sq ft. The Five Below project is below the county median for cost and size, but its cost per square foot of $19 is significantly below the county median of $70. The scheduled build window for this project was 231 days, which is longer than the county median of 92 days for similar filings.

FL Nolana, LLC has one other TDLR-registered project in the area, the Parke at Nolana, which is valued at $250,000. Sargenti Architects has been involved in six other TDLR-registered projects totaling $2,655,000, including retail locations for Five Below in Houston and LuluLemon in Dallas. The area around 3116 W. Nolana Avenue is home to several other businesses, including Barnes & Noble, H-E-B, AutoZone, and Pizza Hut.

The ZIP code 78504, where this project is located, has a population of about 61,816 according to U.S. Census estimates. The median household income in the area is $77,627, and the median owner-occupied home value is $203,900. The housing stock in this ZIP code is mostly owner-occupied, with 21,417 total housing units. The Hidalgo County unemployment rate was 6.8 percent in July 2026, which is higher than the rate from a year earlier.