One 2 One Plaza

4897 State Highway 121 The Colony, TX 75056

FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$6,300,000
Last Verified:
Mar 14, 2019


Description

Marcus & Millichap is pleased to present the opportunity to acquire a 20,331-square foot, multi-tenant shopping center located in one of the fastest growing retail corridors in Dallas-Fort Worth. One 2 One Plaza is currently 88 percent occupied with triple-net leases, allowing upside potential in leasing the remaining vacant space. Approximately 56 percent of the gross leasable area has personally-guaranteed leases. Tenants consist of Baylor Scott & White Rehab, Stewart Title Company, Ascend Hand Therapy, Boca Sana Dental, Green Oaks Massage, Clear Vision Associates, Lone Star Kickboxing, Drunken Donkey sports bar, and We Fix That. Constructed in 2005, the building is situated on 2.56 acres with ample paved parking.

to be added

Located on State Highway 121 (Sam Rayburn Tollway), the subject property is positioned in retail-dense, high-traffic area boosting more than 121,000 vehicles per day. Major traffic drivers include Top Golf, which is directly across the road from the property, and Nebraska Furniture Mart, located less than a mile to the east. A 331,000-square foot Scheels, the world’s largest all sports store, is currently under construction adjacent to Nebraska Furniture Mart and is scheduled to open in 2020. Numerous national and regional tenants neighbor the property, such as Target, Walmart, Ross Dress for Less, Kroger, 24 Hour Fitness, Studio Movie Grill, PetSmart, The Home Depot, Spec’s, Rooms to Go, Cheddar’s Scratch Kitchen, Panera Bread, Walgreens, Texas Roadhouse, Chili’s Grill & Bar, Hawaiian Falls Waterpark, Floor & Décor, Abuelo’s Mexican Restaurant, among others.

Several major company headquarters have recently relocated to the area, with office campuses for Toyota, FedEx, NTT Data, JP Morgan Chase, and Liberty Mutual Insurance within three miles from the property, bringing more than 15,800 jobs to the area. In addition, JCPenney corporate headquarters are located three miles from the property. The surrounding demographics are impressive; more than 235,600 people reside within five mile of the property and have an average household income exceeding $117,500, providing strong buying power.


Year Built: 2005
Building Size: 20331.0sq ft
Lot Size: 2.56 acres

Units for Lease

100
Space Available: 2462 SF
Lease Type: NNN

Price Per Sqft/Year: $24.0

Map of 4897 State Highway 121, The Colony, TX, 75056

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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