3901 State Highway 121The Colony, TX 75056
High-yield NNN lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Absolute NNN lease with 7.6 years remaining until June 30, 2032, offering passive ownership.
- Annual rent increases of 1.5%.
- Fee simple ownership allows for depreciation.
- Tenanted by GPM Investments, LLC, a subsidiary of ARKO Corp (S&P: B+), a Fortune 500 company.
- Strong performing tenant; ARKO Corp reported Q2 2024 net income of $14.1 million and sold over 283 million gallons of fuel.
Property Details for 3901 State Highway 121
- Property type
- Other retail properties, Automotive properties
- Square Feet
- 4,960 SF
- Year Built
- 2000
- Lot Size (sq. ft)
- 51,401 SF
Location Insight
- City
- The Colony
- County
- Denton
- State
- Texas
- Latitude
- 33.0614798
- Longitude
- -96.9009794
Nearby Similar for Sale
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