4815 State Highway 121, The Colony, TX 75056
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4815 State Highway 121, The Colony, TX 75056
4815 State Highway 121, The Colony, TX 75056
4815 State Highway 121, The Colony, TX 75056
4815 State Highway 121, The Colony, TX 75056
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Sean And Blanca Realtor Couple

Sean And Blanca Realtor Couple

+1(214) 649-5580
$ 784,363
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4815 State Highway 121 The Colony, TX 75056

1,947 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 1,947 sqft

Price per Sqft $402

Subdivision 121 Office Plaza Condo

MLS Listing ID 21249192

Construction Status Resale

HOA Y/N No

Year Built 2015

Lot Size 1,947 Sqft

Acres 0.0447

Property Sub-Type Office

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.

Location

State TX

County Denton

Zoning Planned Development (PD)

Direction Located at 4815 SH 121 in The Colony, the property sits along the north side of State Highway 121. From Dallas North Tollway, head north and exit toward SH 121, then merge east. Continue on SH 121 for approximately 2 miles—the property will be on your right with direct frontage and easy access.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Engineered Hardwood

Inclusions Building Only

Fireplace No

Exterior

Parking Features Common

Utilities Available Electricity Connected, Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Private Pool No

Building

Story 1

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Construction Status Resale

Others

Tax ID R655706

Acceptable Financing Cash, Contract, 1031 Exchange, See Agent

Listing Terms Cash, Contract, 1031 Exchange, See Agent

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Sean And Blanca Realtor Couple

+1(214) 649-5580

sean.schellsmidt@exprealty.com

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4815 State Highway 121