Project Summary

This two-building retail development was completed and fully leased in Bonham, TX, delivering a high-performing, stabilized asset in the city’s busiest retail corridor. The project brought together three complementary food and beverage tenants—Wings Over Bonham, Paleteria, and Hibachi House—under long-term triple-net leases, generating predictable, inflation-protected returns.

Property Highlights

• Delivered as a ground-up development with two restaurant pad buildings
• 100% leased under 20-year NNN leases at project close
• Structured 10% rental increases every 5 years across all tenants
• Located directly on TX-121 with excellent visibility and access
• Strong synergy with adjacent national retailers including Walmart

Specifications

• Tenancy: Multi-Tenant
• Occupancy at Completion: 100%
• Lease Terms: 20-Year Triple-Net (NNN)
• Rent Escalation: 10% every 5 years

Strategic Location Benefits

• Positioned at the SH-121 & US-82 intersection—the most active retail node in Bonham
• Adjacent to high-traffic generators including Walmart, Valero, and Days Inn
• Benefited from surrounding residential density and regional connectivity
• Early mover advantage near the planned “Project 617” and Bois D’Arc Lake developments

Tax & Zoning Information

• Zoning: Commercial
• Amenities: Ample surface parking, highway frontage, shared access points

Investment Outcome

This project was a fully executed development from acquisition to lease-up, resulting in a stabilized, income-producing asset with long-term NNN leases. The tenant mix, location quality, and lease structure combined to deliver both strong yield and long-term value creation for investors.