$ 732,072
-
$732,072
Price -
1,918
SqFt -
0.04
Acre
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About the Listing YPDL01 - 0397828
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 starting from 7.50% 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.
Listing Highlights for 4815 State Highway 121
Interior Details
- Appliances:
- Air Cond: Central Air,Electric
- Heating: Central,Electric
- Fireplaces:
- Floor: Engineered Wood
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Less Than .5 Acre (not Zero)
- Garage Capacity: N/A
- Zoning: Planned Development (PD)
- Roof: Composition
- Others: Preowned
- Sewer:
- Parking Features: Common
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: R655706
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
4815 State Highway 121 The Colony, TX 75056
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