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Chicken Express - Sherman, TX 1824 Texoma Pky 2,518 SF Retail Building Sherman, TX 75090 $3,865,036 CAD ($1,534.96 CAD/SF) 6% Cap Rate
Investment Highlights
- New 15-year Absolute Triple Net (NNN) sale-leaseback with no landlord responsibilities, providing passive ownership and predictable long-term income.
- Operated by Brohon, Inc., an experienced Chicken Express franchisee with more than 23 years of operating history within the brand.
- Texas Instruments began production at SM1, the 1st of 4 planned 300mm semiconductor fabs in Sherman, in December 2025.
- Structured rent escalations of 10% every 5 years ensure strong long-term income growth.
- Rent was underwritten against actual unit-level operating results rather than set to maximize sale proceeds.
- GlobalWafers opened its $3.5 billion Sherman plant in 2025, the 1st advanced high-volume 300mm silicon wafer facility built in the United States.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,518 SF Chicken Express located at 1824 Texoma Parkway in Sherman, TX. The offering features a new 15-year Absolute Triple Net (NNN) sale-leaseback with no landlord responsibilities, providing passive ownership and predictable long-term income. With a secure lease structure and minimal management obligations, the property presents a compelling investment opportunity for stable, long-term cash flow.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,518 SF
Building Class
C
Year Built
2006
Price
$3,865,036 CAD
Price Per SF
$1,534.96 CAD
Cap Rate
6%
NOI
$231,902 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial
Parking
25 Spaces (9.93 Spaces per 1,000 SF Leased)
Frontage
89’ on Texoma Parkway
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chicken Express
- Accommodation and Food Services
- 2,518 SF
- $92.10 CAD
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chicken Express | Accommodation and Food Services | 2,518 SF | $92.10 CAD | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 157513 | Improvements Assessment | $835,117 CAD |
| Land Assessment | $348,274 CAD | Total Assessment | $1,183,391 CAD |
Property Taxes
Parcel Number
157513
Land Assessment
$348,274 CAD
Improvements Assessment
$835,117 CAD
Total Assessment
$1,183,391 CAD
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Chicken Express - Sherman, TX | 1824 Texoma Pky
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