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4897 State Highway 121
The Colony, TX 75056
One 2 One Plaza · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
20,331 SF
Building Class
B
Year Built
2005
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.56 AC
Zoning
Commercial
Parking
90 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
280’ on Blair Oaks Dr

AMENITIES

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign

ABOUT 4897 STATE HIGHWAY 121 , THE COLONY, TX 75056

Marcus & Millichap is pleased to present the opportunity to acquire a 20,331-square foot, multi-tenant shopping center located in one of the fastest growing retail corridors in Dallas-Fort Worth. One 2 One Plaza is currently 88 percent occupied with triple-net leases, allowing upside potential in leasing the remaining vacant space. Approximately 56 percent of the gross leasable area has personally-guaranteed leases. Tenants consist of Baylor Scott & White Rehab, Secured Title of Texas, Ascend Hand Therapy, Boca Sana Dental, Green Oaks Massage, Clear Vision Associates, Lone Star Kickboxing, Drunken Donkey sports bar, and We Fix That. Constructed in 2005, the building is situated on 2.56 acres with ample paved parking. Located on State Highway 121 (Sam Rayburn Tollway), the subject property is positioned in a retail-dense, high-traffic area boosting more than 121,000 vehicles per day. Major traffic drivers include TopGolf, which is directly across the road from the property, and Nebraska Furniture Mart, located less than a mile to the east. A 331,000-square foot Scheels, the world’s largest all sports store, is currently under construction adjacent to Nebraska Furniture Mart and is scheduled to open in 2020. Also in close proximity to the property is The Colony Five Star Complex, a state of the art athletic complex that hosts dozens of tournaments annually. Numerous national and regional tenants neighbor the property, such as Target, Walmart, Ross Dress for Less, Kroger, 24 Hour Fitness, Studio Movie Grill, PetSmart, The Home Depot, Spec’s, Rooms to Go, Cheddar’s Scratch Kitchen, Panera Bread, Walgreens, Texas Roadhouse, Chili’s Grill & Bar, Hawaiian Falls Waterpark, Floor & Décor, Abuelo’s Mexican Restaurant, among others. Several major company headquarters have recently relocated to the area, with office campuses for Toyota, FedEx, NTT Data, JP Morgan Chase, and Liberty Mutual Insurance within three miles from the property, bringing more than 15,800 jobs to the area. In addition, JCPenney corporate headquarters are located three miles from the property. The surrounding demographics are impressive; more than 235,600 people reside within five mile of the property and have an average household income exceeding $117,500, providing strong buying power.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R534936
Land Assessment
$1,283,412
Improvements Assessment
$5,102,643
Total Assessment
$6,386,055
  • Listing ID: 15546594

  • Date on Market: 3/26/2019

  • Last Updated:

  • Address: 4897 State Highway 121, The Colony, TX 75056

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