4815 State Highway 121, The Colony, TX 75056
- $784,363
- List Price
- $784,363
- Price Change
- ▲ $64,363 1789161423
- MLS#
- 21249192
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 2015
- Construction Status
- Preowned
- Acres
- 0.04
- County
- Denton
- City
- The Colony
- Subdivision
- 121 Office Plaza Condo
Property Description
A premier single-tenant income property fronting SH 121 in The Colony, offering a high performing, low maintenance asset in one of the fastest growing corridors in North Texas. A 5-year NNN lease with annual rent escalations provides stable passive income. Lease term is Oct 1st 2026 - Sep 30th, 2028. Gross rent $74,160 and cap rate 7% in Year 1. This investment offers an attractive combination of immediate cash flow, limited management responsibilities, and long-term value appreciation potential. High quality interior finishes in 2024, 7 rooms, 2 restrooms, 2 showers and 1 break room. Plumbing in all 7 rooms, washer and dryer hookups and showers - ideal for professional or medical users. Prominent pylon signage along SH 121 with high visibility and strong branding exposure. Zoned PD 11 allows a wide range of uses, including medical, dental, general offices, personal services, tutor centers and etc. Located in dense commercial environment in an affluent area with $150k average household income and more than 12% population growth since 2020. Managed by 121 Office Plaza Condominium Association.
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Additional Information
- Tenant Pays
- AssociationFees, AllUtilities, Electricity
- Lot Size
- 1,947
- Acres
- 0.04
- Flooring
- Hardwood
- Foundation
- Brick/Mortar
- Roof
- Composition
- Building Stories
- 1
- Parking Garage
- Common
- Possession
- CloseOfEscrow
- Proposed Use
- Medical/Dental, Office
- Inclusions
- Building Only
Mortgage Calculator
Listing courtesy of Jennifer Permenter from Younger Partners Dallas, LLC. Contact: 214-294-4400
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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