2435 Sam Rayburn Hwy Melissa, TX 75454-2815
This exceptional 11,862 square foot shopping center in Melissa, Texas, presents a compelling investment opportunity. Boasting a 6.25% cap rate and a strong net operating income (NOI) of $362,613, this property offers significant returns. The center features six tenants under 100% occupancy with long-term triple-net (NNN) leases, minimizing landlord responsibilities. Built in 2021, the single-building property sits on a 1.86-acre lot and benefits from high-quality construction, ample parking, and convenient ingress/egress. Its location is strategically advantageous, less than two miles from a Buc-ee's travel center and within close proximity to newly announced Walmart and H-E-B supercenters, indicating strong future growth potential. The synergistic tenant mix provides essential goods and services to the thriving Melissa community. With 13,417 residential housing units planned in the surrounding area, this shopping center is poised for continued success and substantial long-term value appreciation. The property's address is 2435 Sam Rayburn Hwy, Melissa, TX 75454, in Collin County. The asking price is $5,802,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.