Listing provided courtesy of Coldwell Banker Realty FriscoMLS# 21220659MLS ProviderContact Information: Barb Cole - 972-292-8859
  • 92 days on site
  • 34 views

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. All of the restaurant equipment for the Rice Box and the equipment for the Twinkle Twinkle Donut Shop will all 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.

Source: North Texas MLS, MLS#: 21220659

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  • Property Type
    Commercial Sale
  • Lot
    0.45 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5401 S Colony Boulevard


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/29/2026Source: North Texas MLS Added to Database
March 29, 2026