3031 Washington Dr Melissa, TX 75454-1001
This exceptional 1,288 square foot retail space is located within the vibrant Melissa Wellness Village, a newly constructed (2023) development in the rapidly expanding city of Melissa, Texas. The property is part of a multi-tenant building totaling 14,971 square feet, offering excellent visibility and accessibility. The location benefits from high traffic counts due to its proximity to three major highways: SH 121, US 75, and SH 5, ensuring convenient access for customers. Melissa is experiencing significant population growth, with a remarkable increase exceeding 34% between 2020 and 2022. This robust growth is further supported by strong average household incomes exceeding $130,000 within a three-mile radius. A significant anchor tenant, a 125,000 square foot Kroger grocery store, opened in October 2024, driving substantial foot traffic to the center. This presents a unique opportunity for businesses seeking to establish themselves in a thriving suburban market with a high-income demographic. The property is classified as Retail and Restaurant use, offering flexibility for various business types. The space is immediately available. The zip code is 75454, and the address is 3031 Washington Dr, Melissa, TX.
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
COMM · Melissa, TXMelissa. Always verify with local authorities before improvements.
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.