The property located at 2045 McKinney St., Melissa, TX 75454, is an 11,113 sq ft commercial building situated on 1.5 acres. Built in 2023, the property is leased to N4 Montessori Academy of Melissa under a NNN lease agreement. The lease commenced on October 16, 2023, and is set to expire on October 15, 2038. The lease includes annual rent increases of 2%, with a net operating income of $441,117.
This property also offers six renewal options of 2 X 5 years each. Melissa, TX has experienced significant growth, with a population increase of 11.5% from 2021 to 2022. The area’s median household income is $138,465, and the local economy is driven by industries like Professional, Scientific, and Technical Services. With its prime location near a planned Walmart Supercenter and the Legacy Ranch residential development, this property benefits from excellent visibility and strong economic growth.
Commercial Retail
N4 Montessori Academy of Melissa
11,113 sq ft
1.5 Acres
2023
NNN
October 15, 2038
$441,117
2% Annual Rent Increases
Six (2 X 5 Years)
October 16, 2023
The site plan for Building A includes designated spaces for Future Tenant A and Future Tenant B, with a demising wall separating the two areas. Future Tenant B is allocated 1617 square feet. Structural plans should reference steel columns, ensuring that five columns remain outside of Future Tenant A's use area. Additionally, provisions for roof drains are to be included, with all plumbing needs coordinated as per requirements.
The site plan for Building B includes Future Tenant A with 2289 square feet, Future Tenant B with 1723 square feet, and Future Tenant C with 1793 square feet, all separated by a future demising wall. A riser room of 75 square feet is also included. Structural plans should reference steel columns, ensuring five columns are left out of future tenant areas. Provisions for roof drains and OF drains are to be included, with plumbing requirements coordinated accordingly.
The property features a centrally located hotel, making it a prime destination for visitors and travelers. Buildings A and B are strategically positioned along Eldorado Parkway, offering maximum visibility and easy access for customers. A spacious parking area ensures convenience for both tenants and visitors, enhancing overall accessibility. Building A offers 1,300 square feet of versatile space, ideal for retail or office use. Building B provides flexible options ranging from 1,000 to 5,850 square feet, accommodating a variety of business needs.
