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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Sec Of Washington Dr & Harrison St Melissa, TX 75454

6,241 SF
Property ID
Property summary
AI-generated overview

This exceptional 6,241 square foot retail center in Melissa, Texas, offers a unique opportunity for multiple tenants. Located at the intersection of Washington Drive and Harrison Street, this new construction boasts a highly visible location directly across from a newly built Kroger grocery store. The property is surrounded by a robust mix of national retailers, including Starbucks, McDonald's, Braum's, Burger King, Taco Bell, Golden Chick, Jersey Mike's, Smoothie King, and Sherwin-Williams, ensuring high foot traffic and brand synergy. The building is divisible into spaces starting at 1,450 square feet, making it ideal for a variety of restaurant and retail concepts. Situated in Collin County, this property benefits from Melissa's impressive growth, experiencing approximately a 34% population increase between 2020 and 2022. This thriving suburban market presents a compelling investment opportunity in a rapidly expanding area with strong demographics and established retail presence. The property consists of one building and is currently available for pre-leasing. This is a rare chance to secure a prominent position in a high-demand location within a dynamic and growing community. Contact us today to learn more about leasing options and secure your space in this exciting development.

Property profile
Verified
Property type Retail properties & Spaces
Total area 6,241 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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