Investment Overview

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.