2801 Texoma Pky - Former Sher-Den Mall site

Former Sher-Den mall redevelopment in Sherman, TX. Strategically located in the heart of regional population and major thoroughfares. Located in a Qualified Opportunity Zone which can defer and/or eliminate capital gains taxes for commercial real estate investors. Prime location for investment or development of multiple uses. Pre-approved permitted multi family site plan in place for 730 apartments. QuickTrip, Club Car Wash and Grandys have already closed on pad sites at this development. Total of 44.26 acres of land. Extensive highway and surface street frontage. Texas instruments is under construction on a $30 billion semiconductor wafer fabrication plan with 3,000 new jobs (largest economic development investment in Texas). Globitech is brining 1,500 new jobs and $5 Billion in new investment. Apple (Finisar) is investing in a fab plant as well. Property can be easily divided into pad sites for office, retail, restaurants and apartments. Pricing dependent on size and pad site location. Prime location positioned to take advantage of the rapid growth North from the DFW metroplex, which is located 30 minutes to the South. This site offers quick and convenient access to Texoma Parkway and Hwy 82. All utilities are available to the site - water, sewer, electric, storm sewer, spine roads, etc. Rapid population growth of 10% annually since 2010. Solid future development potential based on location, superior infrastructure and major employers expanding rapidly.