UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,932 sqft
Price per Sqft $192
Subdivision Sherman Bus Centerrp
MLS Listing ID 21348527
HOA Y/N No
Year Built 1973
Annual Tax Amount $12,776
Lot Size 0.670 Acres
Acres 0.67
Lot Dimensions 185x228
Property Sub-Type Retail
Property Description
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
Location
State TX
County Grayson
Community Curbs
Zoning COMMERCIAL
Direction From the North, go south on 75 to Hwy 82. Go east and exit Texoma Pkwy and go south. Go through Peyton St intersection, then Property is on your right Coming from the south, go North on 75 and exit Texoma Pkwy and go North, past E. Taylor St. It will be on your left. Make a U-turn at Peyton St.
Interior
Heating Central, Natural Gas
Cooling Central Air, Ceiling Fan(s), Electric, Multi Units
Flooring Carpet, Concrete, Ceramic Tile
Inclusions Building Only, Land & Improvements
Fireplace No
Exterior
Parking Features Additional Parking, Asphalt, Gravel, On Site, Off Street, Paved, Parking Lot, See Remarks
Community Features Curbs
Utilities Available Electricity Connected, Natural Gas Available, Overhead Utilities, Phone Available, Sewer Available, Separate Meters, Water Available
Water Access Desc Public
Roof Type Metal
Street Surface Asphalt
Accessibility Accessible Approach with Ramp
Road Frontage City Street
Private Pool No
Building
Lot Description Interior Lot, Landscaped, Level
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Others
Tax ID 156862
Security Features Security System,Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System,Other,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional, 1031 Exchange, Other
Listing Terms Cash, Conventional, 1031 Exchange, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21348527
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