Next Level Realty

2124 Texoma Parkway

Sherman, TX 75090

MLS#: 21348527

$950,000

Status: Active
Listing number: 21348527
Listing provided by: The Michael Group
Listing agent phone: None
Last update: N/A
On site: 2 months ago
Browse Properties
Sherman Bus Centerrp - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1973

Sq.Footage

4,932

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

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air, Electric, Multi Units

  • Heating YN

    YES

  • Heating

    Central, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Board & Batten Siding

  • Parking

    Additional Parking, Asphalt, Gravel, Off Street, On Site, Parking Lot, Paved, See Remarks

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Interior Lot, Landscaped, Level

  • Lot Size(acres)

    0.67

  • Lot Size(square feet)

    29,185

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $950,000

  • Tax Amount

    $12,776

  • Financing Options

    1031 Exchange, Cash, Conventional

  • Zoning

    COMMERCIAL

  • Sq. Footage

    4,932

  • Price/SqFt

    $192

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Accessibility Features

    Accessible Entrance, Accessible Approach with Ramp

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Tax Lot

    2

  • Water Source

    Public

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Location

County

Grayson

Elementary School

Middle School

High School

Listing Courtesy of Tony Fortner, The Michael Group

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Agent Joe Boston

AGENT

Joe Boston

Call Joe today to schedule a private showing.

(817) 881-7100

joesrentalprops@gmail.com


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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

2124 Texoma Parkway

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