214-238-8000
4815 State Highway 121, The Colony, TX for Sale
Medical CONDO - FOR SALE
1/20
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4815 State Highway 121
The Colony, TX 75056


HIGHLIGHTS

  • Positioned in an affluent, high-growth submarket with robust demographic indicators.
  • Excellent exposure along State Highway 121 with daily traffic counts exceeding 103,000 vehicles.
  • Flexible zoning (PD 11) allowing for varied uses including medical, dental, and personal services.
  • Proximity to Grandscape retail hub, major hotels, and Lake Lewisville attractions driving significant visitor traffic.
  • Established commercial corridor anchored by national retailers and key entertainment venues such as Topgolf and Nebraska Furniture Mart.

OVERVIEW

This premier single-tenant office condominium presents an exceptional investment opportunity in The Colony, one of North Texas’ fastest-growing corridors. Currently under an NNN lease, the property delivers stable, passive income with minimal landlord responsibilities and below-market rental rates that offer strong upside potential. Existing renewal options further enhance both immediate cash flow and long-term value. Ideally positioned along SH 121 with direct frontage and prominent pylon signage, the site enjoys exposure to over 103,000 vehicles per day, ensuring exceptional visibility and strong tenant demand. The property’s location less than one mile from Grandscape, a major retail and entertainment destination anchored by Nebraska Furniture Mart, positions it amid a dynamic trade area featuring more than 259,000 residents within five miles and an average household income of $150,000. The surrounding environment boasts a dense mix of retail, hospitality, and commercial services, fostering consistent economic vitality that supports long-term asset performance.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

121 Office Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

1,947 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

PD-11

APN/PARCEL ID

R679721

ASK ABOUT THIS PROPERTY

Elaine Xu, CCIMYounger Partners Dallas, LLCMore Info
214-238-8000

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Elaine Xu, CCIMYounger Partners Dallas, LLCMore Info
214-238-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.