1727 N State Highway 121, Bonham, TX 75418
sale
$3,499,900
|
Retail
Courtesy Of Rafael J. Gregorio Jr, Listed By Christopher Contreras
Warriors Plaza offers the opportunity to acquire a 100% occupied NNN retail investment with significant future development potential along the Highway 121 commercial corridor in Bonham, Texas. The existing development consists of approximately 4,045 SF occupied by three nationally recognized tenants: Little Caesars Pizza, Jimmy John's and Scooter's Coffee. All three tenants operate under triple-net (NNN) leases with approximately eight years remaining on their current lease terms, plus renewal options, providing an investor with established rental income and limited landlord operating responsibilities. The property encompasses approximately 2.7 acres, including a substantial undeveloped portion that provides an opportunity to increase future NOI and property value. A proposed site plan provides for an additional +/-8,500 SF commercial building, which may accommodate a single tenant or be divided into suites ranging from approximately 1,415 to 8,500 SF. Drive-thru availability may also be incorporated for a qualifying tenant, subject to final design and approvals. The proposed expansion includes additional parking, internal circulation, fire-lane and service access, flexible storefronts, individual entrances and signage opportunities. Potential uses include retail, restaurant, medical, dental, wellness, office, personal services, fitness, daycare and other compatible commercial uses. Warriors Plaza combines immediate NNN income from three established national tenants with the ability to develop additional leasable square footage, creating a compelling stabilized investment with long-term value-add potential. Proposed plans and improvements are preliminary and subject to final design and applicable approvals.
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Property Features
- Age: 1-5 Years Old
- Building Units: 3
- Cooling System: Central Air
- Exterior Type: Stucco
- Floor Covering: Concrete
- Floors: 1
- Heating System: Central
- Legal Description: Acres 2.701, Subd: S9-0124, Blk: A, Lot: 1, WARRIO
- MLSID: 21408826
- Roof Type: Flat
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