Property Details
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Signature Leasing & Management, Inc.
phone: 1 (214) 750-5675 1 (877) 750-5675 toll free
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200 E. Spring Valley Rd.
Richardson, TX 75081
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5401 Colony Boulevard, The Colony, Texas 75056, USA
List Price: $2,100,000
Sale price per sqm: 10,815.41 $
Status: ACT
MLS#: 21220659
Property type: Commercial for sale, Retail
Property Size: 2,090 sqft (194.161 m2)
Land size: 0.45 sqft (0.04 m2)
Building Size: 2,090 sqft (194.2 m2)
Property Details
1994 Year Built:
restaurant Present Use:
Concrete/Block, Brick, Block Construction:
Resale Condition:
Wide Doorways Handicapped Features:
Handicapped Features Property Features:
laminate, Ceramic tile, concrete Floors:
city water, City sewer, Individual Gas Meter, Individual Water Meter, Overhead Utilities Utilities:
Central, Electric Heating System:
Central, Electric, Attic Fan Cooling System:
Interior Lot, Sidewalks, Curbs Lot Description:
On Slab Basement and Foundation:
composition, Asphalt Roofing:
Parking / Garage
Parking Lot, Open Parking Parking type:
Lot Land Information
Less Than 0.5 Acre Lot size:
Remarks
Located on one of The Colony’s primary retail corridors, 5401 S Colony Blvd offers a rare freestanding retail opportunity with exceptional visibility and access near Hwy 121 and the North Dallas Tollway. The property sits on 19,602 SF (±0.45 acres) with direct frontage along S Colony Blvd, providing strong exposure in a high-traffic corridor. Freestanding positioning significantly enhances long-term value, operational flexibility, and redevelopment potential compared to inline retail. The 2,090 SF building (built 1994, renovated per marketing summary) is fully configured for retail or restaurant use and includes 23 parking spaces—an excellent ratio that supports high-turnover concepts and potential drive-thru functionality. Restaurant equipment for the Rice Box that's noted in transaction desk will be included in the sale of the property and the business. The site is zoned General Commercial, allowing for a wide range of retail, QSR, or service-oriented uses. The surrounding trade area is dense and affluent. Within a 1-mile radius, the 2024 population is 15,122 with projected growth of 18.84% over the next five years. Median household income exceeds $104,000, with over 64% owner-occupied housing—supporting stable, consistent consumer demand. Annual consumer spending within one mile exceeds $200 million, including over $53 million in food and alcohol spending, demonstrating strong support for restaurant and retail concepts. The West Frisco retail submarket (which influences The Colony) remains highly active, with 24 sales in the past 12 months, a 6.1% average cap rate, $442 average price per SF, and a low 4.2% vacancy rate—indicating tight supply and strong investor appetite. 5401 S Colony Blvd represents a rare opportunity to acquire a freestanding asset in a high-growth, supply-constrained retail corridor within North Dallas.


Listing by: Coldwell Banker Realty Frisco





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