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    5701 Tx-121 The Colony, TX 75056

    Sponsored
    For Lease
    $46 SF/Yr

    High-traffic retail space available in Texas

    Lot size:
    220,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity, known as Village @ 121, is located at 5701 TX-121 in The Colony, Texas, 75056. The property boasts a total of 220,000 square feet of retail, restaurant, and mixed-use space, strategically positioned at the intersection of the Sam Rayburn Tollway and South Colony Boulevard, offering unparalleled accessibility to the thriving Grandscape development. Currently, there is 1,535 square feet of vacant space available, ideal for a variety of retail or restaurant uses. One available space totals 2,919 square feet. The center features a multi-tenant occupancy structure, providing a vibrant and diverse commercial environment. The property benefits from its proximity to a significant number of high-profile businesses and draws substantial traffic from the surrounding area. Nearby establishments include Planet Fitness, Nebraska Furniture Mart, Toyota HQ, JP Morgan Chase, JCPenney, Top Golf, Rooms To Go, and Galaxy Theaters. Furthermore, a large multifamily development, the Jefferson Morningstar project (400 units), is currently under construction nearby, promising increased foot traffic and consumer base in the future. This prime location and strong tenant mix make Village @ 121 an exceptional investment opportunity for discerning businesses seeking high visibility and a thriving commercial environment. The property's convenient access and established presence within a successful retail corridor ensure a strong return on investment.

    Property Features for 5701 Tx-121

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    220,000 SF
    Total Rate
    843333.33

    Unit(s) available at that property

    Space
    Suite 250
    Size
    2,919 SF
    Rate per SF
    $46

    HighLights

    • 220,000 square feet of retail, restaurant, and mixed‑use space in The Colony, TX.
    • 1,535 and 2,919 square feet of vacant retail/restaurant space available.
    • Located at the intersection of TX‑121 and South Colony Boulevard, near Grandscape.
    • Strong tenant mix including Planet Fitness, Nebraska Furniture Mart, and others.
    • Proximity to a new 400‑unit multifamily development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    The Colony
    County
    Denton
    State
    Texas
    Longitude
    -96.863811549615
    Latitude
    33.078058969058

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space available in Texas
    Where is this lifestyle center located?
    The property is located at 5701 Tx-121 The Colony, TX.
    What is the lease rate?
    The lease rate is $46 SF/Yr.
    What are key features of this property?
    This property features: 220,000 square feet of retail, restaurant, and mixed-use space in The Colony, TX.; 1,535 and 2,919 square feet of vacant retail/restaurant space available.; Located at the intersection of TX-121 and South Colony Boulevard, near Grandscape.
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    5701 Tx-121 The Colony, TX 75056
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5701 Tx-121 The Colony, TX 75056
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