2124 Texoma Pkwy, Sherman, TX 75090

$875,000

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List Price
$875,000
MLS#
21348527
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1973
Construction Status
Preowned
Acres
0.67
County
Grayson
City
Sherman
Subdivision
Sherman Bus Centerrp

Property Description

Stable NNN Restaurant Investment – Long-Term Tenant in Place Rare opportunity to acquire a proven, income-producing restaurant property in Sherman, Texas. Family-owned Tex-Mex concept operating successfully at this location since 1998 and consistently voted Best Mexican Food in Sherman. Property includes building and ±0.67 acres and is leased on a NNN structure, providing passive income with limited landlord obligations (roof and parking lot). Long-term tenant desires to remain, offering continued operational stability. Major capital improvements completed: · New roof (2023) · Three new HVAC units totaling 20 tons (2023) · Cast iron plumbing replaced with PVC (2026) · Ongoing parking lot maintenance and resurfacing Ideal for investors seeking durable cash flow, minimal deferred maintenance, and a strong-performing tenant. Listing agent is a member of the LLC that owns the property. ***THIS IS AN ON-GOING BUSINESS AND OCCUPANTS MUST NOT BE DISTURBED. No interaction with employees is allowed. To view, make appointment with showing service

Additional Information

Unexempt Taxes
$12,776
Tenant Pays
AllUtilities, CommonAreaMaintenance, CableTv, Electricity, Gas, GroundsCare, Insurance, JanitorialService, Management, PestControl, Repairs, Security, Sewer, Taxes, TrashCollection
Lot Size
29,185
Acres
0.67
Lot Description
Irregular Lot, Landscaped, Level
Flooring
Carpet, Concrete, Tile
Foundation
Slab
Roof
Metal
Building Stories
1
Parking Garage
Additional Parking, Asphalt, Gravel, On Site, Off Street, Paved, Parking Lot, Other
Possession
CloseOfEscrow
Proposed Use
Food Service, Restaurant
Inclusions
Building Only, Land & Improvements
Community Features
Curbs

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Tony Fortner from The Michael Group. Contact: 214-724-8364