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2121 N FM 1417
Sherman, TX 75092

$3,195,000 USD

Service Station For Sale  •  18,885 SF

Property Details

  • Property Type Service Station
  • Total Building Size 18,885 SF
  • Lot Size 3.56 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 8.30 %
  • Tenancy Multiple
  • Zoning F1
50 Walk Score

Highlights

Multiple long-term leases in place with renewal options providing stable income stream
Value-add opportunity with 8,468 square feet of vacant space available for lease
3.559 acres of land with additional buildable land behind existing building

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $265,226 USD (2026)
Cap Rate: 8.30 %
Total Expenses: $160,522 USD

Major Tenants

Tenant SF Occupied Lease End Date
Casey's General Store 3,949 SF 8/31/2032
Le Blanc Bookkeeping & Tax Services 600 SF
Momo's Donuts 1,200 SF 7/31/2031
Monarch Gold & Silver 868 SF 7/31/2031
Pizza Inn 4,800 SF 6/30/2032
Wellness Massage 1,000 SF 12/31/2030

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Anoo Sathappun 214-218-7349 Redbud Offices LLC
Anoo Sathappun 214-218-7349 Redbud Offices LLC