5629 Texoma Pkwy
Sherman, TX 75090

$1,075,000

Description

Highly visible retail center approx. 25,000 sqft center on busy Texoma Pkwy in Sherman, Texas; 95% leased at below market rates; Actual cap rate of 8.4% and Proforma cap rate of 9.2%. Complimentary mix of tenants: Allstate, Accountant, Bicycle shop, Vap shop, Natural Oils shop, Mexican Restaurant, Counselor, Furniture store etc. Please do not contact the tenants. All leases are mixed gross with tenant paying for their own electric; common water meter. Most leases have personal guarantees. Most of the HVAC units are new

Details

MLS#14122233
Sub-TypeResale
StatusActive
Year1985
Days On Site25

Features

SQ Feet25,000
Story(s)1
Units1
ZoningCOM

Market Activity 75090

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Area Information

StateTX
CountyGrayson
CitySherman
Zip Code75090
AreaGRAYSON AREA (37)
Listing VS Median (in 75090)
Price:
$1,075,000
low | high
Med:
$217,500
100% of Average
SqFt:
25,000
low | high
Med:
2,119
100% of Average
$ / SqFt:
$43
low | high
Med:
$103
89.638432168107% of Average
On Site:
25
low | high
Med:
130
19.230769230769% of Average
Listing Updated: 07/19/2019
MLS Number: 14122233
Listing Provided By:
Inder Sangha  of  Bryant Real Estate

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.