Highway 121 Retail Center is a fully stabilized, two-tenant retail property totaling 6,975 square feet and situated on a 0.77-acre lot. The center is 100 percent occupied by Anytime Fitness and Tress Salon, operating under triple-net leases with below-market rents. Both leases have personal guarantees. Constructed in 2016, the building features an attractive facade.
Strategically positioned along State Highway 121 (Sam Rayburn Tollway) at the convergence of four major northern DFW cities (McKinney, Frisco, Plano, and Allen) , the property benefits from excellent visibility and extremely high traffic counts exceeding 104,390 vehicles per day within a prime retail corridor. It is shadow-anchored by Lowe’s Home Improvement and Moviehouse & Eatery, two established national draws that generate consistent consumer traffic. Numerous other national and regional retailers are in the neighboring area, including Target, Ross Dress for Less, PetSmart, Dollar Tree, Patel Brothers, Walmart, LA Fitness, and more. Trammel Crow mixed-use development is under construction on the south side of State Highway 121 at Custer Road, featuring an H-E-B grocery, 1,200 apartments, and 105 townhomes. This corridor is supported by robust demographics, with over 375,000 residents within a five-mile radius and average household incomes exceeding $149,000.
- Stabilized Investment
- 100% occupied by two tenants under NNN leases, providing steady income with minimal landlord responsibilities. Both leases are personally guaranteed.
- Shadow-Anchored by National Tenants
- Positioned next to Lowe’s Home Improvement and Moviehouse & Eatery, which drive consistent foot traffic and retail synergy.
- Freeway Location in Prime Retail Corridor
- Situated directly along State Highway 121, a high-traffic freeway (104,390+ vehicles per day), at the convergence of four primary DFW cities (McKinney, Frisco, Plano, and Allen)
- Below Market Rents
- Tenants are paying below market rates, offering investors an opportunity for future rent growth and upside potential.
- Proximity to Growth Drivers
- Adjacent to the Craig Ranch Master-Planned Community and surrounded by expanding residential and commercial development such as a new H-E-B, the property is well-positioned to capture future demand.
- Recent Property Improvements
- Landlord reports recent improvements include replacement of the front sidewalk and stabilization repairs to the foundation. Front sidewalk was replaced in 2024. Foundation movement was treated by Poly Lift USA in September 2025, with a 10-year transferable warranty.
