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$6,750,000

Shafer Crossing Retail Center

  • Street: 2916 Highway 75
  • City: Sherman
  • State: Texas
  • Country: United States
  • Zip/Postal Code: 75090
  • Listed: January 4, 2018 4:47 pm
  • Expires: 142 days, 21 hours
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Description

  • Assumable CMBS loan at a low 4.61% interest rate with 7 years left
  • Offered Below Replacement Cost
  • Excellent Tenant History – Tenants with 10+ years
  • Extra 1.98 Acre Pad Site – Included in Sale
  • Opportunity for Development with 1.98 acre pad site
  • High Quality Concrete Construction
  • New Roof Replaced in 2015 with transferable 10 year warranty

Shafer Crossing Retail Center consists of 10 units with long term stable tenants and offers a complementary mix of tenants, 3 of which are 10 year plus tenants. The property has excellent tenant history, may of which renew due to the major intersection of Highway 75 and Highway 82, and the property management. Shafer Crossing is a 36,778 SF shopping center, sitting on a 5.88 acre lot. The property offers two ingresses and egresses off Highway 75, making for excellent accessibility. The site does have a tall monument sign, which lights up, lit surface parking, which provides ADA access to the shopping center.

Part of the sale is a 1.98 acre pad site, which is adjacent to the property. The pad site is a major opportunity to develop further on the land, increasing revenue, and appreciation of land and improvement. The shopping center had a new roof replaced in 2015, which comes with a transferable 10 year warranty.

For More information email Brittany Hoskins – bhoskins@ten-x.com

  

Listing ID: 2665a4e59fa0de0a

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