2124 Texoma Parkway, Sherman, TX 75090
sale
$950,000
|
Retail
Courtesy Of The Michael Group, LLC, Listed By Tony Fortner
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
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Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Amenities: Disabled Access
- Amenities: Security System
- Building Units: 1
- Cooling System: Multi Units
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: BoardAndBattenSiding
- Exterior Type: Brick
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Concrete
- Floors: 1
- Heating System: Central
- Heating System: Natural Gas
- Legal Description: SHERMAN BUSINESS CENTER(RP), BLOCK 5, LOT PT
- MLSID: 21348527
- Roof Type: Metal
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