The subject property is a two-tenant retail investment opportunity comprised of two buildings totaling 18,790 square feet in Sherman, Texas. Lumber Liquidators occupies 4,317 square feet and recently renewed the lease term for an additional five years. Sherman Powersports occupies the remaining space plus an additional gated storage area on the southeastern portion of the property and pays directly for all of the center’s expenses. Additional income is provided by Lumber Liquidators billboard rental. Constructed in 1990, the buildings are situated on 1.77 acres.
The subject property is located on the feeder road of Sam Rayburn Freeway (US Route 75), the major north/south thoroughfare in the city with traffic counts of approximately 54,000 vehicles per day. More than 41,000 residents live within five miles of the property, with an average household income of $57,000. Stone Creek Country Club is directly west of the property, with Center Streets Sports Complex, Wilson N Jones Medical Center, and Sherman Municipal Airport nearby.
- 18,790-Square Foot, Two-Tenant Retail Opportunity in Sherman, Texas
- 77% of the GLA is Leased to Sherman Powersports | Tenant Has Been in Operation Over 20 Years | Tenant Pays
Directly for 100% of the Center’s Expenses | Zero Landlord Responsibilities - 23% of the GLA is Leased to Lumber Liquidators | Tenant Recently Extended Term an Additional Five Years
- Additional Income from Lumber Liquidators Billboard Rental
- Freeway Location on Sam Rayburn Freeway (US Route 75) | Major North/South Thoroughfare
- Traffic Counts are Approximately 54,000 Vehicles per Day
- Located 65 Miles Northeast of Dallas
- Priced at $89 per Square Foot | Below Replacement Cost
