Walgreens NNN Retail
For Sale
Contact for pricing
5297 State Hwy 121, The Colony, TX 75056
Single-tenant retail asset with a recently commenced NNN lease and scheduled rent growth.
Property Size13,650 SF
Lot Size1.80 Acres
Days on Market143
Property Features for 5297 State Hwy 121
General Information
Standard status
Active
Size
13,650 SF
Lot size
1.80 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
CBRE Atlanta
(404) 504-7893
Listed By:
Thomas Carr · License #374849
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 4:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE Atlanta
Investment Insights
Based on property information with market context.
This single-tenant Walgreens retail property contains 13,650 square feet on 1.80 acres at 5297 State Hwy 121 in The Colony, Texas. The asset is subject to an NNN lease that commenced in November 2023, providing approximately 13.0 years of remaining term at the stated commencement date.
Contractual rent increases of 5% occur every 5 years during the initial term and continue through each of the twelve 5-year renewal options. The property is located in The Colony within the Dallas-Fort Worth-Arlington, TX MSA, which has a population of 8M+.
Contractual rent increases of 5% occur every 5 years during the initial term and continue through each of the twelve 5-year renewal options. The property is located in The Colony within the Dallas-Fort Worth-Arlington, TX MSA, which has a population of 8M+.
Key Highlights
- 13,650‑square‑foot Walgreens on 1.80 acres
- NNN lease commenced in November 2023
- ±13.0 years of term remaining
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 75056, TX
67,570
Population
28,102
Households
2.4
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
23.6 sq mi
ZIP Area
2,863
Density / Sq Mi
$116,806
Median Household Income
$64,197
Median Earnings
$1,808
Median Rent
$414,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant retail asset with a recently commenced NNN lease and scheduled rent growth.
Where is this nnn property located?
The property is located at 5297 State Hwy 121 The Colony, TX.
What are key features of this property?
This property features: 13,650‑square‑foot Walgreens on 1.80 acres; NNN lease commenced in November 2023; ±13.0 years of term remaining
