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Investment Highlights
- Fully leased neighborhood retail center with 100% occupancy.
- Positioned within a rapidly growing Sherman residential corridor.
- Located near major employment growth driven by semiconductor investment.
- Diversified mix of retail, medical, and service-oriented tenants.
- Benefits from strong visibility, convenient access, and ample parking.
- Daily-needs tenant mix supports recurring customer visitation.
Executive Summary
Loy Lake Plaza presents the opportunity to acquire a fully leased neighborhood retail center positioned within one of North Texas’ most active growth corridors. The property is anchored by a diversified mix of retail, healthcare, and service-oriented tenants that provide recurring customer traffic and support stable occupancy. With 100% occupancy and a tenant roster focused on daily-needs uses, the asset offers investors in-place cash flow supported by businesses that serve the surrounding residential community.
Located along Loy Lake Road in Sherman, the property benefits from convenient access, strong visibility, and ample parking, allowing it to effectively serve both neighborhood residents and area commuters. The center is situated within a rapidly expanding trade area where ongoing residential development continues to add new households and support long-term consumer demand. As population growth and housing expansion reshape the local market, neighborhood-serving retail centers remain essential components of the community’s commercial infrastructure.
Sherman has emerged as a significant economic growth story within the Dallas-Fort Worth region, fueled by major semiconductor manufacturing investments from companies including Texas Instruments, Micron, and Coherent. These projects are generating thousands of new jobs while accelerating residential development, workforce growth, and demand for retail and service-oriented real estate. The combination of a fully leased rent roll, diversified tenancy, and location within a market experiencing substantial economic and population expansion positions Loy Lake Plaza as an attractive investment opportunity with long-term relevance to the surrounding community.
Located along Loy Lake Road in Sherman, the property benefits from convenient access, strong visibility, and ample parking, allowing it to effectively serve both neighborhood residents and area commuters. The center is situated within a rapidly expanding trade area where ongoing residential development continues to add new households and support long-term consumer demand. As population growth and housing expansion reshape the local market, neighborhood-serving retail centers remain essential components of the community’s commercial infrastructure.
Sherman has emerged as a significant economic growth story within the Dallas-Fort Worth region, fueled by major semiconductor manufacturing investments from companies including Texas Instruments, Micron, and Coherent. These projects are generating thousands of new jobs while accelerating residential development, workforce growth, and demand for retail and service-oriented real estate. The combination of a fully leased rent roll, diversified tenancy, and location within a market experiencing substantial economic and population expansion positions Loy Lake Plaza as an attractive investment opportunity with long-term relevance to the surrounding community.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
35,661 SF
Building Class
B
Year Built/Renovated
1986/1995
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.79 AC
Opportunity Zone
Yes
Parking
175 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
288’ on Loy Lake Rd
Amenities
- Pylon Sign
- Monument Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 156545 | Improvements Assessment | $2,256,177 |
| Land Assessment | $440,789 | Total Assessment | $2,696,966 |
Property Taxes
Parcel Number
156545
Land Assessment
$440,789
Improvements Assessment
$2,256,177
Total Assessment
$2,696,966
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