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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 2,518 square foot Chicken Express restaurant in Sherman, Texas. Located at 1824 Texoma Pkwy, this single-tenant, absolute NNN property boasts a brand new 15-year lease with three 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth and inflation protection. The property sits on a 0.43-acre lot with 27 parking spaces and benefits from high visibility on… Texoma Parkway (17,100 VPD) and US Highway 75 (65,700 VPD). Built in 2006, this C-2 zoned property offers a strong 6.00% cap rate and a substantial net operating income (NOI) of $188,212, with an asking price of $3,137,000 ($1,245.83/sq ft). The franchisee tenant provides exceptional creditworthiness. This is a truly passive investment opportunity with zero landlord responsibilities, making it ideal for investors seeking stable, long-term returns. The property's location within a dense retail corridor, near Sherman Town Center (1.013M SF) and Sherman Commons (317K SF), further enhances its value and potential for appreciation. The strong demographics within a 5-mile radius ensure a robust consumer base. This is a rare opportunity to acquire a well-established, high-performing QSR property with significant upside potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.81 ac
- APN
- S023 0763168
- Assessed value · 2023
- $585,752
- Annual tax · 2022
- $13,164
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $13,164
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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