2133-Texoma-Parkway-Sherman-TX-4 REVISED

Jack in the Box

2133 Texoma Pkwy, Sherman, TX 75090

Price $2,176,400
CAP Rate 4.25%
Lease Term 16+ Years
Net Operating Income (NOI) $92,497

Property Data

Building Size (SF) 1,903
Land Size (AC) 0.58
Year Built1973

Tenant(s) Jack in the Box
Guaranty Corporate
Lease Type Abs. NNN

Landlord Responsibilities None
Increases 10% Every Five Years

Options 4 x 5 Yr
Rent Commencement Sept 2021
Lease Expiration Sept 2041

Offering Memorandum

Contact Broker

About Property

STONECLIFF is pleased to present the exclusive listing for a Jack in the Box located at 2133 Texoma Pkwy, Sherman, TX 75090. The site consists of roughly 1,903 rentable square feet of retail space on an estimated 0.58-acre parcel of land. This Jack in the Box is subject to a 20-year Absolute Triple Net (NNN) Lease with 16+Years Remaining. The annual rent is $80,088 with scheduled 10% rental increase Every Five Years in Primary Term and Option Periods.

Investment Highlights

Prime retail corridor, located on Texoma Parkway near US-75 providing over 28,000 combined VPD, anchoring one of Sherman's most visible retail zones
Adjacent to two large master-planned communities. Heritage Ranch which is positioned for 750 new single-family homes and Magnolia Village which is adding 45+ new homes further enhancing the local residential density and long-term population growth
Strong demographics with a 5-mile population exceeding 53,000 and an average household income of $58,678
Less than 5 minutes from Sherman Town Center, the region's premier retail hub with strong daily traffic
Located just 10 minutes from Austin College, a nationally recognized liberal arts institution with 1,233 students and a strong regional presence providing a reliable source of repeat customers and brand visibility
Planned exterior renovation will update the property's appearance and align it with Jack in the Box's latest brand image