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1824 Texoma Pky
Sherman, TX 75090

$2,800,000 USD

Fast Food For Sale  •  2,518 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,518 SF
  • Lot Size 0.43 AC
  • Building Class C
  • Year Built 2006
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C-2
60 Walk Score

Highlights

New 15-year Absolute Triple Net (NNN) sale-leaseback with no landlord responsibilities, providing passive ownership and predictable long-term income.
Structured rent escalations of 10% every 5 years ensure strong long-term income growth.
Operated by Brohon, Inc., an experienced Chicken Express franchisee with more than 23 years of operating history within the brand.
Rent was underwritten against actual unit-level operating results rather than set to maximize sale proceeds.
Texas Instruments began production at SM1, the 1st of 4 planned 300mm semiconductor fabs in Sherman, in December 2025.
GlobalWafers opened its $3.5 billion Sherman plant in 2025, the 1st advanced high-volume 300mm silicon wafer facility built in the United States.
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Chicken Express 2,518 SF

Amenities

  • Signage
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Will Schuhmacher 512-277-5924 Sands Investment Group Austin, LLC
Will Schuhmacher 512-277-5924 Sands Investment Group Austin, LLC