2801 McKinney St
Melissa, TX 75454
Ace Hardware · Retail Property For Sale

New 10-Year Lease in Place | Lease Runs Through October 2035 | Features 10% Rent Increases Every Five Years | Includes Two (2) Five-Year Renewal Options
2025 Class “A” Retail Construction | Newly Developed Asset Featuring High-Quality Construction
Strategic Frontage Along State Highway 5 | Located Directly Off McKinney Street in Melissa | Traffic Counts Exceed 40,000 Vehicles Per Day
Rapidly Expanding Melissa Trade Area | Population Has Grown Approximately 14% Annually Since 2020 | Continued Strong Growth Projected Through 2029
NN Lease Structure | Limited Landlord Responsibilities
Below Replacement Cost Opportunity | Offered at Approximately $356 PSF | Attractive Basis Relative to New Class “A” Retail Construction Costs
Affluent Surrounding Demographics | Average Household Income Within a 3-Mile Radius Exceeds $140,000 | Approximately 1.7x the National Average
Located Within Established Retail Corridor | Nearby Retailers Include H-E-B, Kroger, Buc-ee’s, Walmart, Chick-fil-A, Texas Roadhouse, and Numerous Additional National Tenants
Strong In-Place Income Stream | Approximately $371K NOI Supporting a 6.75% Cap Rate with Contractual Rental Increases Throughout the Lease Term