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5297 State Highway 121
The Colony, TX 75056

$6,066,667 USD

Drugstore For Sale  •  13,650 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 13,650 SF
  • Lot Size 1.8 AC
  • Building Class C
  • Year Built 2002
  • Tenancy Single
0 Transit Score
56 Walk Score

Highlights

Walgreens’ NNN lease recently commenced in November 2023 and features ±14.0 years of term remaining.
5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
Located at the signalized intersection of Paige Road (18,271 VPD) and TX-121 (22,946 VPD), which runs alongside the Sam Rayburn Tollway (120,950 VPD).
Adjacent to 5 hospitality properties totaling over 750 rooms.
8.2 MSF of retail, 12.9 MSF of office, 5.9 MSF of industrial, and 15,640 multifamily units within a 3-mile radius.
Within 2 miles of the 433-acre Grandscape retail and entertainment development.

Public Transportation

Commuter RailDriveWalkDistance
Old Town Station (A-train - Denton County Transportation Authority) 11 min - 7.0 mi
Hebron Station (A-train - Denton County Transportation Authority) 12 min - 7.8 mi
AirportDriveWalkDistance
Dallas-Fort Worth International 22 min - 18.1 mi
Dallas Love Field 31 min - 21.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 75
Type: Surface
Included in Rent: Yes
Brian Pfohl 404-504-7900 CBRE
Brian Pfohl 404-504-7900 CBRE