3510 Sam Rayburn Hwy Melissa, TX 75454
- Commercial real estate
- 26,720 SF
- 10.98 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3510 Sam Rayburn Hwy
- Year built
- 2002
- Lot size
- 10.98 lot acres
- Property size
- 26,720 SF
- Property type
- Commercial real estate
- APN
- R-4656-000-3R1A-1
- APU
- R46560003R1A1
Description
This exceptional industrial property in Melissa, Texas, presents a compelling investment opportunity. Located at 3510 Sam Rayburn Hwy, Collin County, 75454, this single-tenant facility boasts a substantial 26,720 square feet, encompassing approximately 20,250 square feet of warehouse space, 6,000 square feet of office space, and 15,900 square feet of covered outdoor storage. The property sits on a 10.98-acre lot, with 8.37 usable acres entirely paved with concrete, ideal for various industrial uses. The building features 3-phase power. Currently leased to US LBM under a 10-year lease commencing September 1, 2021, with seven years remaining. The lease includes one five-year renewal option. The current base rent is $21,000 per month ($252,000 annually), significantly below market value. A $3,000 per month increase is stipulated upon exercising the renewal option, resulting in a base rent of $24,000 per month ($288,000 annually). The property is zoned for industrial use and seller financing is available. This property offers a strong cash flow with significant upside potential. The concrete yard provides ample space for storage, operations, and logistics. This is a rare opportunity to acquire a well-located, fully leased industrial property with significant long-term value.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melissa
- County
- Collin
- State
- Texas
- Longitude
- -96.5401
- Latitude
- 33.2943
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
