Three-Tenant NNN Retail Strip
For Sale
Contact for pricing
2111 McKinney Street, Melissa, TX 75454
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 Market99
Property Features for 2111 McKinney Street
General Information
Standard status
Active
Size
12,059 SF
Class
A
Total Parking Spaces
34
Property subtype
Retail, Mixed Use
Zoning
Commercial Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$454,852
Site & Location
Traffic Count
28,425 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.07%
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
R Captial LLC
Listed By:
Bobby Rana · License #0635549
Source:
Crexi
Added: Jun 1
Changed: Aug 21
Last Checked: Aug 29 at 11:09PM
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
Current Use
Lease Details
28,425 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
Dollar General
Shops & Services
5,644 visits/mo
0.5 miles
Caliber Collision
Shops & Services
584 visits/mo
0.1 miles
Palio's Pizza Cafe
Dining
490 visits/mo
0.2 miles
Demographics for 75454, TX
16,252
Population
6,289
Households
2.6
Avg Household Size
33
Median Age
51%
College-Educated
95%
High-School Grad
21.4 sq mi
ZIP Area
759
Density / Sq Mi
$135,556
Median Household Income
$64,368
Median Earnings
$2,262
Median Rent
$421,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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).
