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    OFF-MARKET
    Lifestyle centers

    5701 Tx-121, The Colony, TX 75056

    220,000 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Lifestyle centers
    Total area 220,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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