The property is located at 2045 McKinney St., Melissa, TX 75454. This 11,113-square-foot commercial building sits on 1.5 acres and was constructed in 2023. The property is leased under a Triple Net (NNN) lease that commenced on October 16, 2023, and runs through October 15, 2038. The lease includes annual rent increase of 2% from year six.
The City of Melissa is experiencing rapid growth, with the population increasing by 11.5% between 2021 and 2022. The city boasts a median household income of $138,465, reflecting a strong and affluent residential base. The local economy is supported by key sectors such as Professional, Scientific, and Technical Services, contributing to sustained economic expansion.
Montessori School
11,113 Sqft
1.5 Acres
2023
NNN
October 16, 2023
October 15, 2038
$441,117
2% Annual Rent Increase from Year 6
