• Shafer Crossing Retail Center - 2918 N US Highway 75, Sherman, TX 75090

For Sale

Office
Retail

For Sale

This property is available for sale
5.88
Acres
$6,500,000
Sale Price
  • Year Built
    2001
  • Total Building Size
    36,778 RSF
  • Overview

    Shafer Crossing Retail center is compromised of 10 units varying from 1,100-9,000 SF unites. Property offers a complementary mix of tenants, 3 of which are 10 yr plus tenants, the property does have an excellent tenant history, many of which do renew due to the its major intersection off HWY 75 and HWY 82, and the property management. Shafer Crossing is a 36,778 SF shopping center, sitting on a 5.88 acre lot. The property was constructed on reinforced concrete slab,wood framing, and finished with a stucco and stone walls. The property offers 2 ingresses and egresses off HWY 75, making for excellent accessibility. The property does have a tall monument sign, which is lights up, lit surface parking lot, which also provides ADA access to the shopping center. Part of the sale is a 1.98 acre pad site (which is part of total 5.88 acres), which is just adjacent to the property (please review maps). This Pad Site leave for major opportunity to develop further on the land, thus increasing revenue, and appreciation of land and improvement. The Shafer Crossing Retail Center is positioned where Highway 75 and Highway 82 intersect, with a combined traffic counts in excess of 101,357 vehicles per day (VPD). The property has excellent visibility and great ingress ans egress from Highway 75. Surrounding major national retailers in the area include Walmart Super center, Sam's Club, Tractor Supply Company, Lowe's, Office Depot, gander Mountain, Home Depot, Best Buy, and many more. Sherman is Located in Grayson County adjacent to Lake Texoma, a large recreational reservoir serving the region's residents, businesses, and attracting visitors from throughout the country. It is primary city for business, retail, government, and professional services for the Sherman-Denison metropolitan area. Sherman is home to many national and global corporations such as; Texas Instrument, Tyson Foods, Eaton, GlobiTech, Sunny Delight Beverages, Modular Power Solutions, Progress Rail a Caterpillar Co. and many more. Shafer Crossing Retail center is compromised of 10 units long term stable tenants. Property offers a complementary mix of tenants, 3 of which are 10 yr plus tenants, the property does have an excellent tenant history, many of which do renew due to the its major intersection off HWY 75 and HWY 82, and the property management. Shafer Crossing is a 36,778 SF shopping center, sitting on a 5.88 acre lot. The property was constructed on reinforced concrete slab, wood framing, and finished with a stucco and stone walls. The property offers 2 ingresses and egresses off HWY 75, making for excellent accessibility. The property does have a tall monument sign, which is lights ups, lit surface parking lot, which also provides ADA access to the shopping center. Part of the sale is a 1.98 acre pad site, which is just adjacent to the property (please review maps). This Pad Site leave for major opportunity to develop further on the land, thus increasing revenue, and appreciation of land and improvement. Shopping Center had a new roof replaced in 2015 which comes with a transferable 10 year warranty.

Contact or Call

Property Details

Shafer Crossing Retail center is compromised of 10 units varying from 1,100-9,000 SF unites. Property offers a complementary mix of tenants, 3 of which are 10 yr plus tenants, the property does have an excellent tenant history, many of which do renew due to the its major intersection off HWY 75 and HWY 82, and the property management. Shafer Crossing is a 36,778 SF shopping center, sitting on a 5.88 acre lot. The property was constructed on reinforced concrete slab,wood framing, and finished with a stucco and stone walls. The property offers 2 ingresses and egresses off HWY 75, making for excellent accessibility. The property does have a tall monument sign, which is lights up, lit surface parking lot, which also provides ADA access to the shopping center. Part of the sale is a 1.98 acre pad site (which is part of total 5.88 acres), which is just adjacent to the property (please review maps). This Pad Site leave for major opportunity to develop further on the land, thus increasing revenue, and appreciation of land and improvement. The Shafer Crossing Retail Center is positioned where Highway 75 and Highway 82 intersect, with a combined traffic counts in excess of 101,357 vehicles per day (VPD). The property has excellent visibility and great ingress ans egress from Highway 75. Surrounding major national retailers in the area include Walmart Super center, Sam's Club, Tractor Supply Company, Lowe's, Office Depot, gander Mountain, Home Depot, Best Buy, and many more. Sherman is Located in Grayson County adjacent to Lake Texoma, a large recreational reservoir serving the region's residents, businesses, and attracting visitors from throughout the country. It is primary city for business, retail, government, and professional services for the Sherman-Denison metropolitan area. Sherman is home to many national and global corporations such as; Texas Instrument, Tyson Foods, Eaton, GlobiTech, Sunny Delight Beverages, Modular Power Solutions, Progress Rail a Caterpillar Co. and many more. Shafer Crossing Retail center is compromised of 10 units long term stable tenants. Property offers a complementary mix of tenants, 3 of which are 10 yr plus tenants, the property does have an excellent tenant history, many of which do renew due to the its major intersection off HWY 75 and HWY 82, and the property management. Shafer Crossing is a 36,778 SF shopping center, sitting on a 5.88 acre lot. The property was constructed on reinforced concrete slab, wood framing, and finished with a stucco and stone walls. The property offers 2 ingresses and egresses off HWY 75, making for excellent accessibility. The property does have a tall monument sign, which is lights ups, lit surface parking lot, which also provides ADA access to the shopping center. Part of the sale is a 1.98 acre pad site, which is just adjacent to the property (please review maps). This Pad Site leave for major opportunity to develop further on the land, thus increasing revenue, and appreciation of land and improvement. Shopping Center had a new roof replaced in 2015 which comes with a transferable 10 year warranty.

  • Property Type
    Office, Retail
  • Year Built
    2001
  • Sale Price
    $6,500,000
  • Total Building Size
    36,778RSF
  • Total Acres
    5.88
  • Sale Status
    Available
  • Last updated
    Jun 27, 2017
  • Property ID
    1225537

Landlord's Sales Representative

  • Sam Tabani
    Tabani Realty and Loans