2435 Sam Rayburn Hwy - Restaurant FOR SALE


Melissa, TX 75454
$5,802,000 USD
214-252-1115
2435 Sam Rayburn Hwy, Melissa, TX for Sale
$5,802,000 USD
Restaurant - FOR SALE
1/5
null | 6.25% Cap Rate

2435 Sam Rayburn Hwy
Melissa, TX 75454


HIGHLIGHTS

  • 100% Occupancy w/Long-Term NNN Leases
  • Less than 2 Miles from both Melissa High School and Middle School
  • 13,417 Residential Housing Units Currently Planned in Surrounding Area

OVERVIEW

100% Occupancy with Long-Term Triple Net Leases – Allows an investor to have limited landlord responsibilities and ease of management. The synergistic internet resistant tenant lineup provides quality goods & services to the surrounding Melissa community High Quality Construction on 1.86 Acre Pad – Features easy ingress/ egress with ample parking in the front and rear of the center Major Retailers Breaking into Melissa Market – World class brands recognize the dynamic growth area of Melissa • Walmart is opening its first Melissa location 1 mile from the subject property. The 200,000 SF supercenter will include a micro-fulfillment center to expedite online orders • H-E-B is opening its first Melissa location 2 miles from the subject property. The 131,000 SF store will include a world class product assortment, H-E-B Pharmacy, True Texas BBQ Restaurant, and H-E-B Curbside and Home Delivery Less than 2 Miles from Buc-ee’s – The travel center boasts over 5.3 million annual visits (Source: Placer.ai) 13,417 Residential Housing Units Currently Planned in Surrounding Area – See page 6 for more information (Source: CBRE Research)

FOR SALE DETAILS

PRICE

$5,802,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cardinal Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Miller Rd

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

Commercial

APN/PARCEL ID

R-6867-001-0010-1

ASK ABOUT THIS PROPERTY

214-252-1115

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214-252-1115

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