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Canyon Creek Center 2121 N FM 1417 18,885 SF 66% Leased Retail Building Sherman, TX 75092 $4,356,894 CAD ($230.71 CAD/SF)
Investment Highlights
- Multiple long-term leases in place with renewal options providing stable income stream
- 3.559 acres of land with additional buildable land behind existing building
- Value-add opportunity with 8,468 square feet of vacant space available for lease
Executive Summary
The property is commercially zoned and allows for professional offices, salon suites, recreational facilities, gym, retail shops (except smoking or vape shops), shopping, cafe, restaurants, and other businesses. The property is anchored by Casey's General Stores convenience store and gas station, providing strong traffic and visibility.
With a current pro-forma NOI potential of $265,226, this property offers significant value-add opportunity through leasing the vacant spaces. The property is strategically located near Walmart Neighborhood Market, providing excellent co-tenancy and traffic generation.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Casey's offers self-service fuel, a wide selection of grocery items and an array of freshly prepared food items. Among the most popular of Casey's prepared foods are its made-from-scratch pizzas, donuts, subs and sandwiches.
- Le Blanc Bookkeeping & Tax Services
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
In 1958, two Texas brothers opened the first Pizza Inn across from the Southern Methodist University campus in Dallas. As word spread of the restaurant’s exceptional pizza and friendly service, so did Pizza Inn locations across the Heartland. From 1960-1990, taste buds across the southeastern and southwestern U.S. were able to experience first-hand the made-from-scratch crispy, crackery Original Thin crust, and tangy signature sauce that are still hallmarks of the Pizza Inn brand today. For more than 60 years, Pizza Inn has prided themselves on freshness and innovation, introducing the Taco Pizza in 1979, the first dessert “Pizzert” pizza in 1986 and the chain’s hallmark Bacon Cheeseburger Pizza by the 1990s. They’re still cooking up fresh ideas to this day and are committed to bringing their best pizza to the table, every time.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Le Blanc Bookkeeping & Tax Services | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | - | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Property located in the intersection of highway - FM 1417 & W Lamberth Road. Signage is available. This suite is situated in the north east side of the building facing Lamberth Rd . Vape shop is not allowed by the city. Current Tenants in the neighboring suites - Pizza Inn, Momo Donuts, Acme Cleaners, Caseys , LeBlanc book Keeping & Wellness massage. Situated diagonally from the Walmart. nearby commercials are Dominos Pizza, Spa center, Internal medicine, Fitness centers, Taco shop, Family Vet clinic, Vision center, Computer center, Family Dental, Electric Heat & Air. The lease list price excludes NNN. NNN is approximately $9 SQFT/Year plus electric.
Divisible upto $4300 SQFT. The lease list price excludes NNN. NNN is approximately $9 SQFT plus electric.
| Space | Size | Space Use | Position | Available |
| N and O | 2,000 SF | Retail | - | Now |
| Q and R | 4,468 SF | Retail | - | Now |
N and O
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Q and R
| Size |
| 4,468 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
N and O
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Property located in the intersection of highway - FM 1417 & W Lamberth Road. Signage is available. This suite is situated in the north east side of the building facing Lamberth Rd . Vape shop is not allowed by the city. Current Tenants in the neighboring suites - Pizza Inn, Momo Donuts, Acme Cleaners, Caseys , LeBlanc book Keeping & Wellness massage. Situated diagonally from the Walmart. nearby commercials are Dominos Pizza, Spa center, Internal medicine, Fitness centers, Taco shop, Family Vet clinic, Vision center, Computer center, Family Dental, Electric Heat & Air. The lease list price excludes NNN. NNN is approximately $9 SQFT/Year plus electric.
Q and R
| Size | 4,468 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Divisible upto $4300 SQFT. The lease list price excludes NNN. NNN is approximately $9 SQFT plus electric.
Property Taxes
| Parcel Number | 155709 | Improvements Assessment | $2,570,802 CAD (2025) |
| Land Assessment | $1,570,147 CAD (2025) | Total Assessment | $4,140,949 CAD (2025) |
Property Taxes
Presented by
Canyon Creek Center | 2121 N FM 1417
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