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4815 State Highway 121
The Colony, TX 75056

Price Upon Request

Medical Condo For Sale  •  1,947 SF

Property Details

  • Property Type Medical
  • Total Building Size 1,947 SF
  • Lot Size 2 AC
  • Building Class B
  • Year Built 2015
  • Tenancy Single
  • Zoning PD-11
0 Transit Score
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 4 Medical Office 1,947 SF Price Upon Request
  • Unit Size: 1,947 SF
  • Condo Use: Medical Office
  • Price: Price Upon Request
  • Sale Type: Investment
Description
Please contact agent for pricing.

Sale Notes
This premier single-tenant office condominium presents an exceptional investment opportunity in The Colony, one of North Texas’ fastest-growing corridors. Currently under an NNN lease, the property delivers stable, passive income with minimal landlord responsibilities and below-market rental rates that offer strong upside potential. Existing renewal options further enhance both immediate cash flow and long-term value.

Ideally positioned along SH 121 with direct frontage and prominent pylon signage, the site enjoys exposure to over 103,000 vehicles per day, ensuring exceptional visibility and strong tenant demand. The property’s location less than one mile from Grandscape, a major retail and entertainment destination anchored by Nebraska Furniture Mart, positions it amid a dynamic trade area featuring more than 259,000 residents within five miles and an average household income of $150,000. The surrounding environment boasts a dense mix of retail, hospitality, and commercial services, fostering consistent economic vitality that supports long-term asset performance.

Description 

The property is located along State Highway 121 in The Colony, Texas, within a dense commercial corridor. The surrounding trade area includes major retail centers, hotels, and entertainment venues such as Grandscape. The building is situated near established medical offices and numerous service-oriented businesses. Regional connectivity is supported by SH 121, providing access to nearby communities and Lake Lewisville. Zoning is designated as PD 11, permitting a variety of professional and service-oriented uses.

Highlights

Positioned in an affluent, high-growth submarket with robust demographic indicators.
Excellent exposure along State Highway 121 with daily traffic counts exceeding 103,000 vehicles.
Flexible zoning (PD 11) allowing for varied uses including medical, dental, and personal services.
Proximity to Grandscape retail hub, major hotels, and Lake Lewisville attractions driving significant visitor traffic.
Established commercial corridor anchored by national retailers and key entertainment venues such as Topgolf and Nebraska Furniture Mart.

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Cedar Niles Internal Medicine P.A.
Fair Deal Realty
Homewithloan.com
Yd

Amenities

  • 24 Hour Access
  • Signage
  • Central Heating
  • High Ceilings
  • Plug & Play
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Dallas-Fort Worth International 21 min - 17.5 mi
Dallas Love Field 32 min - 25.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Elaine Xu, CCIM 214-238-8000 Younger Partners Dallas, LLC
Elaine Xu, CCIM 214-238-8000 Younger Partners Dallas, LLC