5005 State Highway 121
The Colony, TX 75056
Knockout Bar & Osaka Sushi | 10Yr NNN · Retail Property For Sale

The subject property is currently undergoing tenant improvements with the remodeling of the interior per both Tenant’s requirements. Knockout Sports Bar & Grill will take up a majority of the space and subsequently contribute 60% of the base rental income of the property. The building is strategically located along Sam Rayburn Tollway with frontage along access road State Highway 121. The building has excellent visibility from both highways with the help of a clear and tall pylon sign that makes the restaurants easily identifiable by passing customers. The building is ideally located within an extremely dense retail corridor that features major national/credit tenants such as a 24-hour Walmart Supercenter, Target, The Home Depot, Kroger Marketplace, Ross Dress for Less, Floor & Decor, Pet Smart, Dollar Tree, Big Lots, Thrift Giant, and more. In addition, the asset is part of restaurant row along State Highway 121 and is uniquely positioned adjacent to Topgolf The Colony, a sprawling entertainment venue for golfers with over 100+ hitting bays, full service restaurant and bar, and rooftop terrace. Just beyond the Topgolf venue is the The Colony Five Star Complex, an 80-acre state of the art sports facility with 6 baseball fields, 6 soccer fields, 2 football fields, and more. In addition, a 2.2 million SF Nebraska Furniture Mart is located less than a mile from the site, generating an estimated 8.8 million shoppers a year. Adjacent to the Furniture Mart is “Grandscape”, a master planned development under construction that will be one of the largest and most unique mixed-use projects in the country with over 400+ acres and 3 million SF of retail, entertainment, dining, residential, office, and attractions. Featuring Scheel’s (worlds largest sporting goods store), Andretti Indoor Karting, Galaxy Theatres, dozens of restaurants and retail shops, and a resort hotel and spa, further increasing consumer traffic and boosting crossover shopping to the area.