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Melissa Dental and Goldfish Pediatrics 2302 Sam Rayburn Hwy

6,938 SF 100% Leased Office Building Melissa, TX 75454 $3,890,248 CAD ($561 CAD/SF) 6.25% Cap Rate

Investment Highlights

  • RARE NEW 15-YEAR NNN LEASE EXTENSION PENDING | 11 YEAR WEIGHTED AVG LEASE TERM | MB2, is in the process of executing a new 15-year NNN lease
  • IDEAL LOCATION | PROXIMITY TO NATIONAL TENANTS | MAJOR RETAILERS EXPANDING INTO MELISSA | NEW WALMART AND HEB STORES
  • BOOMING DEVELOPMENT | CLOSE PROXIMITY TO NEW MULTI-FAMILY AND SINGLE-FAMILY RESIDENTIAL DEVELOPMENTS
  • MB2 (700+ LOCATIONS) | DSO TENANCY | CORPORATE LEASE | 1,500+ DOCTORS | SUCCESSFUL OPERATING HISTORY
  • TOP GROWING CITY IN NORTH TEXAS | EXPONENTIAL GROWTH | 64% INCREASE
  • GOLDFISH PEDIATRICS AND URGENT CARE | NNN LEASE | 100% MEDICAL TENANCY | 6 YEARS REMAINING

Executive Summary

Patrick Graham
License No. 9005919 (TX)

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,938 SF
Building Class
A
Year Built
2018
Price
$3,890,248 CAD
Price Per SF
$561 CAD
Cap Rate
6.25%
NOI
$243,141 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,938 SF
Building FAR
0.21
Lot Size
0.75 AC
Zoning
C-2
Parking
33 Spaces (4.76 Spaces per 1,000 SF Leased)
  • Listing ID: 34235244

  • Date on Market: 2024-12-18

  • Last Updated:

  • Address: 2302 Sam Rayburn Hwy, Melissa, TX 75454

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