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3031 Washington Dr
Melissa, TX 75454
Melissa Wellness Village · Retail Property For Sale
Investment Highlights
- A 100% occupied daily needs strip center in the Dallas-Fort Worth Metroplex that features a lineup of national and regional service-based retailers
- The weighted average lease term (WALT) for the subject property is 9.38 years
- Melissa is a growing and affluent city located 41 miles north of downtown Dallas
- The subject property is part of a larger retail and medical office development, positioned directly across from a new flagship 123,0000SF Kroger
- Each tenant has scheduled rental increases throughout the primary terms, and a majority of the tenants have annual rental increases
- Since 2020, the population of Melissa has increased by approximately 70%, and is currently growing at an annual rate of 11.48%
Property Facts
Property Type
Retail
Building Size
15,000 SF
Building Class
B
Year Built
2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
8.75 AC
Zoning
PD
Parking
81 Spaces
Frontage
219’ on Washington Drive
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | R-6033-004-2150-1 | Improvements Assessment | $4,255,776 |
| Land Assessment | $1,067,438 | Total Assessment | $5,323,214 |
Property Taxes
Parcel Number
R-6033-004-2150-1
Land Assessment
$1,067,438
Improvements Assessment
$4,255,776
Total Assessment
$5,323,214
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