2124 Texoma Pkwy Sherman, TX 75090

This offering presents an opportunity to acquire a stabilized, single-tenant NNN restaurant property. The property is occupied by a long-standing, locally dominant Tex-Mex concept that has been 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 limited to the roof and parking lot. The current lease rate is $5,938 per month, which is $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. The roof was replaced in 2023. A new 10-ton rooftop HVAC unit and two 5-ton HVAC units were installed in 2023. Cast iron drain lines were replaced with PVC in 2025. The parking lot was 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. The property size is 5,118 square feet.