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.
- Added:
- Jun 1, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 6 at 3:50 am
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 agent Bobby Rana License #0635549
Listing office R Captial LLC
Listing date Jun 1, 2026
Source Crexi
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
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).
- Two additional NNN tenants with 10‑year terms: Cheer Land Play & Party (3,518 SF) and Tropical Smoothie Café with Drive‑Thru (1,443 SF).
- All three tenants have contractual annual rent escalations of 2.0%–2.5% under true NNN leases.
- Fronts TX‑5 (McKinney Street) with 28,425 vehicles per day and population within 1 mile growing from 16,632 (2020) to 31,475 (2024).
Overview
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.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5814235
- Latitude
- 33.2759105
