About 4815 State Highway 121
A premier single-tenant income property fronting SH 121 in The Colony, offering a high performing, low maintenance asset in one of the fastest growing corridors in North Texas. A 5-year NNN lease with annual rent escalations provides stable passive income. Lease term is Oct 1st 2026 - Sep 30th, 2028. Gross rent $74,160 and cap rate 7% in Year 1. This investment offers an attractive combination of immediate cash flow, limited management responsibilities, and long-term value appreciation potential. High quality interior finishes in 2024, 7 rooms, 2 restrooms, 2 showers and 1 break room. Plumbing in all 7 rooms, washer and dryer hookups and showers - ideal for professional or medical users. Prominent pylon signage along SH 121 with high visibility and strong branding exposure. Zoned PD 11 allows a wide range of uses, including medical, dental, general offices, personal services, tutor centers and etc. Located in dense commercial environment in an affluent area with $150k average household income and more than 12% population growth since 2020. Managed by 121 Office Plaza Condominium Association.
Features of 4815 State Highway 121
| MLS® # | 21249192 |
|---|---|
| Price | $784,363 |
| Square Footage | 1,947 |
| Acres | 0.04 |
| Year Built | 2015 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 4815 State Highway 121 |
|---|---|
| Subdivision | 121 Office Plaza Condo |
| City | The Colony |
| County | Denton |
| State | Texas |
| Zip Code | 75056 |
Amenities
| Utilities | City Sewer, City Water, Electricity Connected |
|---|---|
| Garages | Common |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Electric |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick |
| Foundation | Brick/Mortar |
Additional Information
| Zoning | Planned Development (PD) |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jennifer Permenter |
|---|---|
| Office | Younger Partners Dallas, LLC |
| Contact Info | 214-294-4400 |