5540 State Highway 121Plano, TX 75024

For Sale
Call for price
At Home NNN Lease, 108,490 SF

Overview

Added:
Dec 11, 2024
Days on market:
126
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.

Highlights

  • Prime Plano location within the central business district, adjacent to Granite Park.
  • Excellent highway access via Highway 21 (160,000 vehicles per day).
  • Strong population growth: 131% increase within a 1-mile radius since 2010.
  • High average household income: $165,000 within a 3-mile radius.
  • Robust daytime population: 36,000 within a 1-mile radius.
  • Favorable lease terms: NNN lease with annual rent increases, no landlord responsibilities, and 10.7 years remaining.

Property Details for 5540 State Highway 121

Property type
Retail properties, Retail space
Square Feet
108,490 SF
Year Built
2018
Lot Size (sq. ft)
344,124 SF

Location Insight

City
Plano
County
Collin
State
Texas
Latitude
33.0918328
Longitude
-96.8110313
5540 State Highway 121, Plano, Texas

FAQs

What type of property is this?
Retail property - At Home NNN Lease, 108,490 SF
Where is the retail property located?
The property is located at 5540 State Highway 121 Plano, TX.
What are key features of this property?
This property features: Prime Plano location within the central business district, adjacent to Granite Park.; Excellent highway access via Highway 21 (160,000 vehicles per day).; Strong population growth: 131% increase within a 1-mile radius since 2010.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5540 State Highway 121
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