Two-Tenant Retail
New
For Sale
Contact for pricing
5651 State Highway 121, The Colony, TX 75056
The asset is leased on an NN basis, with scheduled escalations and multiple renewal options.
Property SizeContact for details
Days on Market6
Property Features for 5651 State Highway 121
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Multi
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
Listed By:
Caroline Pinkston · License #601565
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:09PM
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 JLL - Dallas | Cedar Springs, Texas
Investment Insights
Based on property information with market context.
Located at 5651 State Highway 121 in The Colony, the retail property is occupied by Floor & Decor and Chair King. The two-tenant asset operates under an NN lease structure, with approximately 5.6 years of weighted average lease term remaining.
Lease terms include 10% escalations every five years and three five-year options. The offering also includes a potential 6,707-square-foot pad development opportunity for a QSR use.
Lease terms include 10% escalations every five years and three five-year options. The offering also includes a potential 6,707-square-foot pad development opportunity for a QSR use.
Key Highlights
- Two tenants: Floor & Decor and Chair King
- NN lease structure with approximately 5.6 years of weighted average lease term
- 10% escalations every five years
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Balanced
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
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Grandscape — 5752 Grandscape Blvd, The Colony, TX 75056
- The Fountain at Grandscape — the colony, tx 75056
- The Colony Crossing — 5333 State Hwy 121, The Colony, TX 75056
- Centro comercial — 5752 Grandscape Blvd, The Colony, TX 75056
Frequently Asked Questions
What type of property is this?
Shopping center - The asset is leased on an NN basis, with scheduled escalations and multiple renewal options.
Where is this shopping center located?
The property is located at 5651 State Highway 121 The Colony, TX.
What is the asking price?
The asking price for this property is $16,078,000.
What are key features of this property?
This property features: Two tenants: Floor & Decor and Chair King; NN lease structure with approximately 5.6 years of weighted average lease term; 10% escalations every five years
