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State Farm sale-leaseback investment opportunity featuring a ±2,737 SF freestanding commercial building on ±0.437 acres at 2814 Terrell Road, Greenville, Texas. The property is commercially zoned, offers on-site parking, and is located on a high-visibility commercial corridor. Seller will execute a new five-year NN lease at closing with 2% annual rent escalations and two 5-year renewal options, providing stable income with a 6.85% going-in cap rate and long-term investment potential.
| Listing Id: | 21343766 |
|---|---|
| List Price: | $599,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Office |
| Status: | Active |
| Lot Size Square Feet: | 19,035.7200 |
| Lot Size Acres: | 0.437 |
| City: | Greenville |
| County Or Parish: | Hunt |
| Subdivision Name: | Greenville |
| Postal Code: | 75402 |
| Year Built: | 1985 |
| Accessibility Features Yn: | Yes |
| Basement Yn: | No |
| Building Area Source: | Public Records |
| Building Area Total: | 2,737.00 |
| Building Use: | Office, Retail, Other |
| Business Type: | Other |
| Ceiling Height: | 11 to 14 Feet |
| Construction Materials: | Brick, Other |
| Cooling: | Central Air, Electric |
| Directions: | Please use GPS |
| Flooring: | Ceramic Tile, Concrete, Vinyl |
| Foundation Details: | Slab |
| Heating: | Central, Electric |
| Leasable Area: | 2,737.00 |
| Lot Size: | Less Than .5 Acre (not Zero) |
| Lot Size Area: | 0.4370 |
| Lot Size Source: | Public Records |
| Lot Size Units: | Acres |
| Multi Parcel ID: | No |
| Multi Zoning?: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $41,055 |
| Parking Features: | Asphalt |
| Possession: | Negotiable |
| Roof: | Metal |
| Sqft Gross: | 2,737 |
| Stories Total: | 1 |
| Tenant Pays: | All Utilities, Common Area Maintenance, Electricity, Gas, Insurance, Sewer, Taxes, Other |
| Utilities: | City Sewer, City Water, Concrete, Individual Gas Meter, Individual Water Meter, None |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
| Zoning Description: | Commercial |
Listing Courtesy of: KARE Investment Sales & Leasing
Listing Agent: Karan Aulakh , CCIM
469-471-6413
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North Texas Real Estate Information Systems, Inc. data last updated on October 19, 2026 02:47 AM - CT
Property Last Updated: October 19, 2026 02:47 AM - CT
