4815 State Highway 121, The Colony, TX 75056
sale
$784,363
|
Office
Courtesy Of Younger Partners Dallas, LLC, Listed By Jennifer Permenter
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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Property Features
- Age: 11-20 Years Old
- Building Units: 1
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Engineered
- Floors: 1
- Heating System: Electric (Heating)
- Heating System: Central
- MLSID: 21249192
- Roof Type: Composition
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