NNN Retail Property with Highway
For Sale
Contact for pricing
Pending
2801 McKinney St, Melissa, TX 75454
Newly developed retail construction with a long-term lease and direct positioning along State Highway 5.
Property Size15,468 SF
Days on Market132
Property Features for 2801 McKinney St
General Information
Standard status
Pending
Size
15,468 SF
Class
A
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$371,232
Site & Location
Traffic Count
40,000 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
6.75%
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
Summit RE
Listed By:
Jason Vitorino · License #TX 512565
(469) 844-8884
Source:
Crexi
Added: Jun 8
Changed: Oct 16
Last Checked: Oct 16 at 8:53AM
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 Summit RE
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Investment Insights
Based on property information with market context.
This 15,468-square-foot retail property was completed in 2025 and features newly developed Class A construction. A 10-year lease is in place through October 2035, with 10% contractual rent increases every five years and two five-year renewal options. The lease is structured as NN, limiting landlord responsibilities.
The property is located at 2801 McKinney St in Melissa, directly off McKinney Street and along State Highway 5. Traffic counts exceed 40,000 vehicles per day, and the site sits within an established retail corridor near H-E-B, Kroger, Buc-ee’s, Walmart, Chick-fil-A, and Texas Roadhouse. Average household income within a three-mile radius exceeds $140,000, while Melissa’s population has grown approximately 14% annually since 2020.
The property is located at 2801 McKinney St in Melissa, directly off McKinney Street and along State Highway 5. Traffic counts exceed 40,000 vehicles per day, and the site sits within an established retail corridor near H-E-B, Kroger, Buc-ee’s, Walmart, Chick-fil-A, and Texas Roadhouse. Average household income within a three-mile radius exceeds $140,000, while Melissa’s population has grown approximately 14% annually since 2020.
Key Highlights
- 15,468‑square‑foot retail property completed in 2025
- 10‑year lease in place through October 2035
- 10% rent increases every five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$248,887
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,977,740
$5.0M
Cap Rate 7%
$3,555,529
$3.6M
Cap Rate 9%
$2,765,411
$2.8M
Market Conditions
NOI Build-Up for 15,468 SF
Gross rent
$373.1K $24.12/SF
− Vacancy
−$17.5K −$1.13/SF
EGI
$355.6K $22.99/SF
− OpEx
−$106.7K −$6.90/SF
NOI
$248.9K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,977,740
Cap Rate 7%
$3,555,529
Cap Rate 9%
$2,765,411
Alternative Uses
Best Use
Retail
$3.56M
$3.11M – $4.15M
NOI $248,887 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$15.37M
$13.45M – $17.93M
NOI $1,075,897 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Dollar General
Shops & Services
5,644 visits/mo
0.5 miles
Scooter's Coffee
Dining
1,379 visits/mo
0.4 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Newly developed retail construction with a long-term lease and direct positioning along State Highway 5.
Where is this nnn property located?
The property is located at 2801 McKinney St Melissa, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 15,468‑square‑foot retail property completed in 2025; 10‑year lease in place through October 2035; 10% rent increases every five years
