2045 McKinney St - Day Care Center FOR SALE


Melissa, TX 75454
$6,683,236 USD
972-897-2002
2045 McKinney St, Melissa, TX for Sale
$6,683,236 USD
Day Care Center - FOR SALE
1/3
null | 6.6% Cap Rate

2045 McKinney St
Melissa, TX 75454


HIGHLIGHTS

  • Across the street from a planned Walmart Supercenter connected to Legacy Ranch residential development.
  • 17.6% growth rate in Melissa; from 8,000 population in 2015 to 25,201 in 2023
  • 2% Rent Increases Annually from Year (2028)
  • In 2022, Melissa, TX had a population of 15.2k people with a median age of 35.3 and a median household income of $138,465

OVERVIEW

The 15-year lease commenced on October 16, 2023, allowing investors the opportunity to capitalize on nearly the entire lease term. Featuring attractive 2% rent increases from year six (6) and minimal landlord responsibilities, the property provides ownership with a long-term, passive investment with built-in inflation hedges.

FOR SALE DETAILS

PRICE

$6,683,236 USD

PRICE/SF

$601 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

N4 Montessori Academy of Melissa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

R-13086-00A-0010-1

ASK ABOUT THIS PROPERTY

Mukesh ParnaSankalp Realty, LLCMore Info
972-897-2002

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Mukesh ParnaSankalp Realty, LLCMore Info
972-897-2002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.