0 Neq Tx-121 & Melissa Rd Melissa, TX 75454
This exceptional 51,400 square foot mixed-use development opportunity is situated on a sprawling 22-acre site in the thriving city of Melissa, Texas. Located at the highly visible intersection of TX-121 and Melissa Road, this proposed project offers unparalleled access and visibility. Melissa, a rapidly growing affluent suburb just north of McKinney, boasts an impressive 18.19% annual growth rate and a population increase exceeding 65% since the last census, making it the 7th fastest-growing city in Texas. The property benefits from its location within the highly-rated Melissa ISD, attracting a strong demographic. Its proximity to established residential and commercial areas, and its placement directly across from a new Kroger development at the lighted intersection of TX-121 and Liberty Way, ensures exceptional foot traffic and brand visibility. This development is perfectly suited for a variety of uses, including retail, restaurant, and medical facilities, presenting a unique investment opportunity in one of Texas's fastest-growing markets. The lease type is NNN. This is a proposed 22-acre mixed-use development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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