Sherman -2121 FM 1417
Retail Shopping Center with convenience store & gas station - 18,885 SqFt
Marketing description
This multi-tenant retail property is located at hot location in Sherman, Texas. The property features 18,885 square feet of building space on 3.559 acres of land, with additional buildable land available behind the existing building. The property is currently occupied by a diverse mix of tenants including massage, bookkeeping, gas station, gold and silver shop, donut shop, pizza shops, and ice cream shop.
The property is commercially zoned and allows for professional offices, salon suites, recreational facilities, gym, retail shops (except smoking or vape shops), shopping, cafe, restaurants, and other businesses. The property is anchored by Casey's General Stores convenience store and gas station, providing strong traffic and visibility.
With a current pro-forma NOI potential of $265,226, this property offers significant value-add opportunity through leasing the vacant spaces. The property is strategically located near Walmart Neighborhood Market, providing excellent co-tenancy and traffic generation.
Investment highlights
- Existing one-story building of 18,885 square feet
- Occupied by Massage, Bookkeeping, Gas Station, Gold & Silver shop, Donut shop, Pizza Shops & Ice Cream shop
- Commercial Zoning allows Professional Offices, Salon suites, Recreational, Gym,Shopping, Cafe, Restaurants, Businesses & more
- Any retail shops except Smoking or Vape Shops,
- 3.559 acres of land with additional buildable land behind existing building
- Walmart Neighborhood Market located adjacent to the property
- Multiple long-term leases in place with renewal options providing stable income stream
- Value-add opportunity with 8,468 square feet of vacant space available for lease
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