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iMoveTexas | Orchard Brokerage
1727 N State Highway 121, Bonham, TX 75418
- $3,499,900
- List Price
- $3,499,900
- MLS#
- 21408826
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 2024
- Construction Status
- Preowned
- Acres
- 2.70
- County
- Fannin
- City
- Bonham
- Subdivision
- Warriors Plaza
Property Description
Warriors Plaza offers the opportunity to acquire a 100% occupied NNN retail investment with significant future development potential along the Highway 121 commercial corridor in Bonham, Texas. The existing development consists of approximately 4,045 SF occupied by three nationally recognized tenants: Little Caesars Pizza, Jimmy John’s and Scooter’s Coffee. All three tenants operate under triple-net (NNN) leases with approximately eight years remaining on their current lease terms, plus renewal options, providing an investor with established rental income and limited landlord operating responsibilities. The property encompasses approximately 2.7 acres, including a substantial undeveloped portion that provides an opportunity to increase future NOI and property value. A proposed site plan provides for an additional ±8,500 SF commercial building, which may accommodate a single tenant or be divided into suites ranging from approximately 1,415 to 8,500 SF. Drive-thru availability may also be incorporated for a qualifying tenant, subject to final design and approvals. The proposed expansion includes additional parking, internal circulation, fire-lane and service access, flexible storefronts, individual entrances and signage opportunities. Potential uses include retail, restaurant, medical, dental, wellness, office, personal services, fitness, daycare and other compatible commercial uses. Warriors Plaza combines immediate NNN income from three established national tenants with the ability to develop additional leasable square footage, creating a compelling stabilized investment with long-term value-add potential. Proposed plans and improvements are preliminary and subject to final design and applicable approvals.
Additional Information
- Tenant Pays
- CommonAreaMaintenance, Electricity, GroundsCare, Insurance, Management, PestControl, Repairs, Sewer, Taxes, TrashCollection, Water
- Lot Size
- 117,612
- Acres
- 2.70
- Lot Description
- Level, Sprinkler System-Yard
- Flooring
- Concrete
- Foundation
- Slab
- Roof
- Flat
- Building Stories
- 1
- Parking Garage
- Additional Parking, Common, Paved, Drive Through
- Possession
- Negotiable
- Proposed Use
- Food Service, Medical/Dental, Office, Restaurant, Retail
- Inclusions
- Building Only, Land & Improvements, Land Only
- Community Features
- Community Mailbox, Curbs
Mortgage Calculator
Listing courtesy of Christopher Contreras from Gregorio Real Estate Company. Contact: 972-834-5509
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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