Marcus & Millichap is pleased to present the opportunity to acquire a 31,158-square-foot, three-story, multi-tenant building located in Sherman, Texas. The building is currently 100 percent occupied, and all leases are triple-net and include scheduled rent increases in the initial term. Anchored by Texoma Physicians Group, tenants consist of G. DeAn Strobel, MD PA, Baylor Scott & White Cardiac, Blair Weaver Construction, and Platinum Dermatology. Situated on a 1.5-acre lot, the building is new (2021) construction with paved parking on all sides of the building.
The subject property is located on East Sycamore Street just off U.S. Route 75 (Sam Rayburn Freeway), with traffic counts exceeding 62,114 vehicles per day on the freeway. The property also has access from East Evergreen Street. Numerous national and regional businesses are in the area, including La Michoacana Meat Market, Burger King, Texas Department of Public Safety, Albertsons, Save A Lot, A-Max Auto Insurance, EZPawn, Kroger, Sonic Drive-In, Walgreens, Cici’s Pizza, Goodwill Industries, Planet Fitness, and many others. Austin College is in close proximity, providing additional traffic to the area. The population within a five-mile radius is 50,029 and has an average household income of $67,947.
- 31,158-Square-Foot, Three-Story, Multi-Tenant Medical/Office Building
- 100% Leased | 100% Triple-Net Leases | Long-Term Leases with 6-9 Years Remaining on the Primary Term | All Leases Include Scheduled Rent Increases
- Anchored by Texoma Physicians Group (41% of the GLA) | 90% of the GLA is Medical
- New (2021) Construction | Situated on a 1.5-Acre Parcel with Paved Parking on All Sides of the Building
- Located off of US Route 75 (Sam Rayburn Freeway) at East Sycamore Street | Freeway Traffic Counts Exceed 62,114 Vehicles per Day | Multiple Ingress and Egress Points
- Near Numerous National and Regional Tenants Along the Sam Rayburn Freeway and Texoma Parkway Corridors
- Approximately Two Miles From Wilson N. Jones Regional Medical Center | A 214-Bed Facility Serving North Texas and Southern Oklahoma
- Less Than Two Miles From Austin College, a Private Liberal Arts College | Enrollment of Approximately 1,300 Students
- Six Miles from Bel Air Master-Planned Development, Located Off US 75 and Highway 1417 | 300 Acres of Housing, Retail, Restaurants, and Event Venues Centered Around 3.5-Acre Beach Club and Lagoon
- Close Proximity to “Silicon Prairie”, Running Along the 30-Mile Stretch of US 75 North of McKinney to Sherman | Will Be Home to Texas Instruments’ Largest Semiconductor Chip Complex, a $30 Billion, 4.7 Million-Square-Foot Fabrication Plant Currently Under Construction | Estimated to Bring 4,500+ Jobs Within the Next Five Years
- Sherman is Approximately 65 Miles Northeast of Dallas | One of the Principal Cities in the Sherman-Denison Metropolitan Statistical Area
