0.45 Acres Lot
0.45 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Bbb & C
MLS Listing ID 21220659
Total Fin. Sqft 2090
Year Built 1994
Annual Tax Amount $10,350
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Retail
Property Description
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.
Location
State TX
County Denton
Zoning COMMERCIAL
Direction Take Sam Rayburn Tollway (TX-121) heading west toward The Colony. Exit at Paige Rd, Main St - FM 423. Turn right (north) onto Main St, FM 423 OR follow signs to S. Colony Blvd. Left onto S. Colony Blvd. The Rice Box & Twinkle Twinkle Donut Drive Through are both located at 5401 S. Colony Blvd.
Interior
Heating Central, Electric
Cooling Attic Fan, Central Air, Electric, Other
Flooring Ceramic Tile, Concrete, Laminate, Other
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water, Curbs, Electricity Available, Electricity Connected, Individual Gas Meter, Individual Water Meter, Overhead Utilities, Sewer Available, Sidewalk
Roof Type Asphalt,Composition,Other
Accessibility Accessible Doors, Accessible Entrance
Garage No
Building
Lot Description Interior Lot
Foundation Slab, Other
Structure Type Brick,Concrete,Other
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21220659
Nearby Locations
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