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5401 S Colony Blvd 2,200 SF 100% Leased Retail Building The Colony, TX 75056 $2,871,183 CAD ($1,305.08 CAD/SF)

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Investment Highlights

  • Heavy Traffic on S Colony
  • Growing Area year over year
  • Strong Middle Class Demographics

Executive Summary

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. 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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,200 SF
Year Built/Renovated
1994/2017
Price
$2,871,183 CAD
Price Per SF
$1,305.08 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.45 AC
Zoning
Commercial (General) - Commercial (General) – Retail Use This supports restaurant and general retail operations consistent with the property’s current use.
Frontage
19,602’ on Colony Blvd

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • The Rice Bar
  • Accommodation and Food Services
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
The Rice Bar Accommodation and Food Services - - -

Nearby Major Retailers

Anytime Fitness
Taco Casa
Chase
Navy Federal Credit Union
Another Broken Egg Cafe
The Great Greek Mediterranean Grill
54th Street Restaurant & Drafthouse
Mi Cocina
Cheddar's Scratch Kitchen
Saltgrass Steakhouse

Property Taxes

Property Taxes

Parcel Number
R160874
Land Assessment
$241,204 CAD
Improvements Assessment
$490,565 CAD
Total Assessment
$731,769 CAD
  • Listing ID: 39621354

  • Date on Market: 2026-03-01

  • Last Updated:

  • Address: 5401 S Colony Blvd, The Colony, TX 75056

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