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2601 TX-121 - Building 1 2,118 SF Flex Condo Unit Offered at $715,000 in Lewisville, TX 75056
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | 1031 Exchange, Build to Suit, Bulk/Portfolio Sale |
| Cap Rate | 7.00% |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Sale Conditions | 1031 Exchange, Build to Suit, Bulk/Portfolio Sale |
Description
Suite 105 at 2601 TX-121, Building 1 — a 2,118 SF flex/showroom condo offered at $715,000 (~7.0% cap rate). 100% leased on a triple-net basis to a single established operating tenant with structured annual rent escalations. Newly delivered (2023) Class B asset along TX-121 / Sam Rayburn Tollway frontage in the Lewisville–Castle Hills submarket — 12 minutes to DFW International, 8 minutes to Grandscape, 28 minutes to Downtown Dallas. Ideal for 1031 exchange or private investors seeking immediate stabilized cash flow. Tenant information available upon execution of a confidentiality agreement.
Sale Notes
Newly delivered (2023) Class B asset on TX-121 / Sam Rayburn Tollway frontage. 100% leased on a triple-net basis with annual rent escalations and above-market in-place rent. Ideal for 1031 exchange or private investors seeking immediate stabilized cash flow in one of North Texas' most active commercial corridors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 105 | 2,118 SF | Flex | $715,000 ($337.58/SF) | $50,050 |
Unit 105
| Unit Size |
| 2,118 SF |
| Condo Use |
| Flex |
| Price |
| $715,000 ($337.58/SF) |
| NOI |
| $50,050 |
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Unit 105
| Unit Size | 2,118 SF |
| Condo Use | Flex |
| Price | $715,000 ($337.58/SF) |
| NOI | $50,050 |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Sale Conditions | 1031 Exchange, Build to Suit, Bulk/Portfolio Sale |
| Description | |
| Suite 105 at 2601 TX-121, Building 1 — a 2,118 SF flex/showroom condo offered at $715,000 (~7.0% cap rate). 100% leased on a triple-net basis to a single established operating tenant with structured annual rent escalations. Newly delivered (2023) Class B asset along TX-121 / Sam Rayburn Tollway frontage in the Lewisville–Castle Hills submarket — 12 minutes to DFW International, 8 minutes to Grandscape, 28 minutes to Downtown Dallas. Ideal for 1031 exchange or private investors seeking immediate stabilized cash flow. Tenant information available upon execution of a confidentiality agreement.</li></ul> | |
| Sale Notes | |
| Newly delivered (2023) Class B asset on TX-121 / Sam Rayburn Tollway frontage. 100% leased on a triple-net basis with annual rent escalations and above-market in-place rent. Ideal for 1031 exchange or private investors seeking immediate stabilized cash flow in one of North Texas' most active commercial corridors.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 29,121 SF | Typical Floor Size | 29,121 SF |
| Property Type | Flex (Condo) | Year Built | 2023 |
| Property Subtype | Showroom | Lot Size | 11.00 AC |
| Building Class | B | Parking Ratio | 2.09/1,000 SF |
| Floors | 1 | ||
| Zoning | Light Industrial - Flex Office / Showroom / Warehouse | ||
| Total Building Size | 29,121 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Showroom |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 29,121 SF |
| Year Built | 2023 |
| Lot Size | 11.00 AC |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | Light Industrial - Flex Office / Showroom / Warehouse |
Amenities
- 24 Hour Access
- Mezzanine
- Signage
- Storage Space
Utilities
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Ventura Texas Marine |
-
|
Jan 0000
|
| HAYMAN-WOODWARD |
-
|
Jan 0000
|
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2601 TX-121 - Building 1
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