5540 State Hwy 121 Plano, TX 75024-6609

Property Details for 5540 State Hwy 121

Year built

2018

Lot size

7.90 lot acres

Property size

106,904 SF

Property type

Commercial real estate

APN

R-9542-001-0080-1

APU

R954200100801

Description

This exceptional investment opportunity presents a fee-simple interest in a 108,490-square-foot At Home store in Plano, Texas. Located at 5540 State Hwy 121, this single-tenant, absolute NNN leased property boasts a corporate guarantee from At Home, a prominent home décor retailer. The lease commenced August 1, 2020, with a 15-year initial term, leaving over 10.7 years remaining. The lease includes four, five-year renewal options and features a 2% annual rent increase. Situated on a substantial 7.9-acre lot, the property benefits from high visibility on Highway 121, experiencing 160,000 vehicles per day. The property's prime location within Plano's business district, across from the Granite Park mixed-use development, offers significant upside potential. The surrounding area demonstrates robust growth, with a 131% increase in population within a one-mile radius since 2010, and a daytime population exceeding 36,000. Average household incomes within a one-mile radius surpass $120,000 annually. This offering provides investors with a long-term, passive income stream from a national tenant in a high-growth market, with minimal landlord responsibilities. The property was built in 2018 and currently enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth prospects.

Location Insight

City

Plano

County

Collin

State

Texas

Longitude

-96.8112

Latitude

33.0922

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments