Current Use by Public Records
- Retail properties & Spaces
Property Details for 2916 Hwy
- Lot size
- 5.90 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional retail opportunity is located in the thriving Sherman Crossroads Shopping Center, situated at the southwest corner of heavily trafficked Hwy 75 and Hwy 82 in Sherman, Texas. The property boasts a single-story, 37,500 square foot building with a newly installed roof and is under new ownership. Currently, there are three available spaces ranging from 1,530 to 2,861 square feet, with a total of 2,200 square feet currently vacant. One space, Unit #360 (2200 sq ft), is divisible into two units. The center benefits from a large parking lot and high visibility signage. This prime location is surrounded by established businesses including Starbucks, Papa John's, Lone Star Food Store-Valero, and Ashley Furniture, ensuring high foot traffic and brand recognition. The area also boasts significant daily traffic counts: Hwy 75 sees 63,406 vehicles per day, and Hwy 82 sees 28,404. Existing tenants create a diverse mix of businesses catering to the local community, including a jeweler, daiquiri bar, vape shop, liquor store, beauty salon, sushi restaurant, buffet, and more. The property's strategic location is further enhanced by its proximity to a Walmart across Hwy 82 and the Sherman Town Center (half a mile down Hwy 75), home to major retailers like Target, T.J. Maxx, Dollar Tree, Chick-fil-A, Panera Bread, Red Lobster, and Cinemark. Four hotels are located directly behind the building, providing a substantial customer base. The property is zoned commercial and sits on 5.9 acres of land in Grayson County. Lease price is negotiable and includes NNN charges.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.6125
- Latitude
- 33.6691
