2124 Texoma Pkwy, Sherman, TX 75090 For Sale

NNN Restaurant Investment | Sherman

This offering presents an opportunity to acquire a stabilized, single-tenant NNN restaurant property occupied by a long-standing, locally dominant Tex-Mex concept operating at this location since 1998. The restaurant has consistently been voted Best Mexican Food in Sherman and maintains a strong, loyal customer base.

The property consists of the building and approximately 0.74 acres and is leased on a NNN basis, providing passive income with limited landlord responsibilities (roof and parking lot only). The current lease rate is $5,938 per month ($71,256 annually) and runs through June 30, 2028. The long-term tenant has expressed a desire to remain, offering continued operational stability.

Significant capital improvements have recently been completed, minimizing deferred maintenance risk:

· Roof replaced (2023)

· New 10-ton rooftop HVAC unit and two 5-ton HVAC units (2023)

· Cast iron drain lines replaced with PVC (2025)

· Parking lot resurfaced, sealed, and striped as needed

The property has been well maintained since the current owner acquired it in 2004.

With strong in-place cash flow, a proven operator, and a NNN lease structure, this asset is well suited for passive investors or 1031 exchange buyers seeking stable cash flow and minimal management responsibilities.