Three-Tenant NNN Retail
5050 State Hwy 121, The Colony, TX 75056
For Sale
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Fully occupied under triple-net leases, the center includes national and regional retail and service tenants.
Property SizeContact for details
Days on Market12
Property Features for 5050 State Hwy 121
General Information
Standard status
Property subtype
Occupancy
Site & Location
Anchor Co-Tenants
Traffic Count
Highway Access
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Pegasus Investments
Listed By:
David Chasin · License CA #01513027
(310) 969-1135
Source:
Crexi
Added: Oct 29
Changed: Nov 9
Last Checked: Nov 8 at 4:31PM
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 Pegasus Investments
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Investment Insights
Based on property information with market context.
Castle Hills Plaza is a three-tenant retail center completed in 2015. T-Mobile, The Kebab Shop, and Hydrate IV Bar occupy the property, which is fully leased on a triple-net basis. The Kebab Shop and Hydrate IV Bar each signed new 10-year NNN leases, while T-Mobile has occupied the center since its construction. The offering comprises the land and building interest.
The center is directly off State Highway 121, also known as the Sam Rayburn Tollway, with cross-access to nearby retailers including Target, Topgolf, Studio Movie Grill, 24 Hour Fitness, Starbucks, and Chipotle. Highway 121 carries 140,000 vehicles per day and connects Plano with Fort Worth. Grandscape is just north of the property, and Legacy Business Park is a few minutes farther north along the highway. Downtown Dallas and Dallas-Fort Worth International Airport are each less than 30 minutes away.
The center is directly off State Highway 121, also known as the Sam Rayburn Tollway, with cross-access to nearby retailers including Target, Topgolf, Studio Movie Grill, 24 Hour Fitness, Starbucks, and Chipotle. Highway 121 carries 140,000 vehicles per day and connects Plano with Fort Worth. Grandscape is just north of the property, and Legacy Business Park is a few minutes farther north along the highway. Downtown Dallas and Dallas-Fort Worth International Airport are each less than 30 minutes away.
Key Highlights
- Three retail tenants: T‑Mobile, The Kebab Shop, and Hydrate IV Bar
- Fully leased on a triple‑net (NNN) basis
- The Kebab Shop and Hydrate IV Bar each signed new 10‑year NNN leases
Property Analytics
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Current Use
Lease Details
140,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Properties on Market for Shopping centers in Denton County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Tonal at Neighborhood Goods — 7300 windrose ave, plano, tx 75024
- Legacy West — 5908 Headquarters Dr, Plano, TX 75024
- Country Club Plaza — 1701 Country Club Dr, Frisco, TX 75034
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied under triple-net leases, the center includes national and regional retail and service tenants.
Where is this shopping center located?
The property is located at 5050 State Hwy 121 The Colony, TX.
What is the asking price?
The asking price for this property is $4,992,000.
What are key features of this property?
This property features: Three retail tenants: T‑Mobile, The Kebab Shop, and Hydrate IV Bar; Fully leased on a triple‑net (NNN) basis; The Kebab Shop and Hydrate IV Bar each signed new 10‑year NNN leases
