Three-Tenant NNN Retail Strip
2111 McKinney Street Melissa, TX 75454
For Sale
Contact for pricing
Brand-new 2024 NNN strip center is 100% leased with a major healthcare anchor and two additional 10-year tenants.
Property Size12,059 SF
Price / SF$621.94
Days on Market53
Property Features for 2111 McKinney Street
General Information
- Standard status
- Active
- Size
- 12,059 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 2024
Listing Agency:
R Captial LLC
Listed By:
Bobby Rana · License #0635549
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 22 at 11:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R Captial LLC
Investment Insights
Based on property information with market context.
Legacy Ranch Plaza is a brand-new 2024 three-tenant NNN retail strip center totaling 12,059 SF. The property is 100% occupied and leased on true NNN terms. Action Behavior Centers (ABA Therapy for Autism) serves as the anchor tenant at 7,114 SF (59% of GLA) under a NNN lease. The remaining suites are leased to Cheer Land Play & Party at 3,518 SF and Tropical Smoothie Café with drive-thru at 1,443 SF, and both operate under 10-year NNN leases. Contractual annual rent escalations range from 2.0% to 2.5%.
Located at 2111 McKinney Street in Melissa, Texas, the center fronts McKinney Street (TX-5) with reported 28,425 vehicles per day. The property is surrounded by major retail and service uses including Walmart Supercenter, HEB, Kroger, Buc-ee’s, CVS Pharmacy, AutoZone, Starbucks, and McDonald’s, along with 20+ national co-tenants.
For buyers seeking stable, long-term, NNN cash flow, the tenancy mix pairs a centrally positioned healthcare use with family entertainment and food & beverage. The center is supported by a federally mandated, insurance-reimbursed therapy service tenant, while the other suites provide complementary daily traffic drivers under long-duration lease terms. This acquisition also fits investors considering a 1031 exchange strategy, with an in-place stabilized NOI reported at $454,852.
Located at 2111 McKinney Street in Melissa, Texas, the center fronts McKinney Street (TX-5) with reported 28,425 vehicles per day. The property is surrounded by major retail and service uses including Walmart Supercenter, HEB, Kroger, Buc-ee’s, CVS Pharmacy, AutoZone, Starbucks, and McDonald’s, along with 20+ national co-tenants.
For buyers seeking stable, long-term, NNN cash flow, the tenancy mix pairs a centrally positioned healthcare use with family entertainment and food & beverage. The center is supported by a federally mandated, insurance-reimbursed therapy service tenant, while the other suites provide complementary daily traffic drivers under long-duration lease terms. This acquisition also fits investors considering a 1031 exchange strategy, with an in-place stabilized NOI reported at $454,852.
Key Highlights
- Brand‑new 2024 12,059 SF three‑tenant NNN retail strip center at 2111 McKinney Street (Melissa, TX), 100% occupied.
- Stabilized NOI of $454,852 with a 6.07% cap rate, providing immediate income with no lease‑up risk from day one.
- Major healthcare anchor: Action Behavior Centers (ABA Therapy for Autism) on a NNN lease, 7,114 SF (59% of GLA).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - Brand-new 2024 NNN strip center is 100% leased with a major healthcare anchor and two additional 10-year tenants.
Where is this strip mall located?
The property is located at 2111 McKinney Street Melissa, TX.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Brand‑new 2024 12,059 SF three‑tenant NNN retail strip center at 2111 McKinney Street (Melissa, TX), 100% occupied.; Stabilized NOI of $454,852 with a 6.07% cap rate, providing immediate income with no lease‑up risk from day one.; Major healthcare anchor: Action Behavior Centers (ABA Therapy for Autism) on a NNN lease, 7,114 SF (59% of GLA).
