5297 State Highway 121 - Drug Store FOR SALE
The Colony, TX 75056 |
5297 State Highway 121
The Colony, TX 75056
HIGHLIGHTS
- Walgreens’ NNN lease recently commenced in November 2023 and features ±13.0 years of term remaining.
- 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
- Located at the signalized intersection of Paige Road (18,271 VPD) and TX-121 (22,946 VPD), which runs alongside the Sam Rayburn Tollway (120,950 VPD).
- Adjacent to 5 hospitality properties totaling over 750 rooms.
- 8.2 MSF of retail, 12.9 MSF of office, 5.9 MSF of industrial, and 15,640 multifamily units within a 3-mile radius.
- Within 2 miles of the 433-acre Grandscape retail and entertainment development.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens: The Colony, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
13650
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
R194868
