NNN Restaurant Investment
For Sale
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2124 Texoma Pkwy, Sherman, TX 75090
Single-tenant NNN restaurant property with long-term tenant.
Property Size5,118 SF
Lot Size0.74 Acres
Price / SF$185.62
Days on Market166
Property Features for 2124 Texoma Pkwy
General Information
Standard status
Active
Size
5,118 SF
Class
B
Total Parking Spaces
60
Lot size
0.74 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$71,256
Building Details
Year Built
1973
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
The Michael Group - Dallas
(214) 692-6400
Listed By:
Tony Fortner · License #TX 0395080
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 13 at 10:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Michael Group - Dallas
Investment Insights
Based on property information with market context.
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.
Key Highlights
- NNN lease structure provides passive income with limited landlord responsibilities.
- Long‑term tenant operating successfully since 1998 with a strong customer base.
- Current lease runs through June 30, 2028, generating $71,256 annually.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75090, TX
25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant NNN restaurant property with long-term tenant.
Where is this conventional restaurant located?
The property is located at 2124 Texoma Pkwy Sherman, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: NNN lease structure provides passive income with limited landlord responsibilities.; Long‑term tenant operating successfully since 1998 with a strong customer base.; Current lease runs through June 30, 2028, generating $71,256 annually.
