Cardinal Crossing | 2435 Sam Rayburn Hwy
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Cardinal Crossing 2435 Sam Rayburn Hwy
11,862 SF 100% Leased Retail Building Melissa, TX 75454 $5,802,000 ($489/SF) 6.25% Cap Rate
Investment Highlights
- 100% Occupancy w/Long-Term NNN Leases
- 13,417 Residential Housing Units Currently Planned in Surrounding Area
- Less than 2 Miles from both Melissa High School and Middle School
Executive Summary
100% Occupancy with Long-Term Triple Net Leases – Allows an investor to have limited landlord responsibilities and ease of management. The synergistic internet resistant tenant lineup provides quality goods & services to the surrounding Melissa community
High Quality Construction on 1.86 Acre Pad – Features easy ingress/ egress with ample parking in the front and rear of the center
Major Retailers Breaking into Melissa Market – World class brands recognize the dynamic growth area of Melissa
• Walmart is opening its first Melissa location 1 mile from the subject property. The 200,000 SF supercenter will include a micro-fulfillment center to expedite online orders
• H-E-B is opening its first Melissa location 2 miles from the subject property. The 131,000 SF store will include a world class product assortment, H-E-B Pharmacy, True Texas BBQ Restaurant, and H-E-B Curbside and Home Delivery
Less than 2 Miles from Buc-ee’s – The travel center boasts over 5.3 million annual visits (Source: Placer.ai)
13,417 Residential Housing Units Currently Planned in Surrounding Area – See page 6 for more information (Source: CBRE Research)
High Quality Construction on 1.86 Acre Pad – Features easy ingress/ egress with ample parking in the front and rear of the center
Major Retailers Breaking into Melissa Market – World class brands recognize the dynamic growth area of Melissa
• Walmart is opening its first Melissa location 1 mile from the subject property. The 200,000 SF supercenter will include a micro-fulfillment center to expedite online orders
• H-E-B is opening its first Melissa location 2 miles from the subject property. The 131,000 SF store will include a world class product assortment, H-E-B Pharmacy, True Texas BBQ Restaurant, and H-E-B Curbside and Home Delivery
Less than 2 Miles from Buc-ee’s – The travel center boasts over 5.3 million annual visits (Source: Placer.ai)
13,417 Residential Housing Units Currently Planned in Surrounding Area – See page 6 for more information (Source: CBRE Research)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,862 SF
Building Class
B
Year Built
2021
Price
$5,802,000
Price Per SF
$489
Cap Rate
6.25%
NOI
$362,613
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.86 AC
Zoning
Commercial
Frontage
668 FT on Hwy 121
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R-6867-001-0010-1 | Improvements Assessment | $0 |
| Land Assessment | $375,705 | Total Assessment | $375,705 |
PROPERTY TAXES
Parcel Number
R-6867-001-0010-1
Land Assessment
$375,705
Improvements Assessment
$0
Total Assessment
$375,705
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Cardinal Crossing | 2435 Sam Rayburn Hwy
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