2209 State Highway 121 | Melissa, TX 75454
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- LoopNet Team
2209 State Highway 121
Melissa, TX 75454
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Featuring No Landlord Responsibilities and 1.25% Rental Increases Annually
- Just Over Seven (7) Years of Lease Term Remaining and No Renewal Options
- Average Household Income of Nearly $142k within a 3-Mile Radius of the Subject Property
- Mason-Harrison-Ratliff, the Brand's Largest Franchisee (300+ Units), Has Nearly 20 Years of Operating History at This High-Performing Location
- Oversized 1.14 Acre Site Fronts Sam Rayburn Highway (32,551 VPD), Just East of the US Highway 75 Interchange
- Located in Melissa, Texas, One of the Nation's Fastest Growing Small Towns, with Its Population Nearly Doubling to 22,000 in the Past Five Years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,488 SF
Building Class
C
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.14 AC
Zoning
C
Parking
37 Spaces (23.02 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R-8497-00A-0010-1 | Improvements Assessment | $522,820 |
| Land Assessment | $821,520 | Total Assessment | $1,344,000 |
PROPERTY TAXES
Parcel Number
R-8497-00A-0010-1
Land Assessment
$821,520
Improvements Assessment
$522,820
Total Assessment
$1,344,000
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