For Sale
$2,700,961

2302 Sam Rayburn Hwy Melissa , TX 75454

6,938 SF, 100% Leased Medical Building

Overview

Added:
Dec 20, 2024
Days on market:
129
This exceptional 6,938 square foot medical office building in Melissa, TX, presents a compelling investment opportunity. The property boasts a 100% occupancy rate with two strong tenants: Melissa Dental & Orthodontics (part of the 700+ location MB2 Dental network), operating under a new 15-year NNN lease, and Goldfish Pediatrics & Urgent Care, also on a NNN lease. The weighted average lease term exceeds 11 years, providing stable, long-term cash flow. Located on Sam Rayburn Highway, the property benefits from high visibility and accessibility in a rapidly growing area. Melissa's population has surged 58% between 2020 and 2023, fueled by significant residential and retail development, including nearby Walmart and H-E-B supercenters. The property's prime location, high-quality construction (2018), and strong tenant mix, within a booming North Texas market, make this a truly exceptional investment. The 0.75-acre lot provides ample space, and the building's design caters to the needs of medical practices. The Dallas-Fort Worth MSA's robust economy and projected growth further enhance the investment potential, with average household incomes exceeding $130,000 within a 5-mile radius. The U.S. dental services market is experiencing significant growth, projected to reach ~$300 billion by 2032, adding another layer of security to this investment. This is a rare opportunity to acquire a high-performing, passively managed asset in one of the nation's fastest-growing markets. The property's net operating income is $168,810. The asking price is $2,700,961.

Highlights

  • 6,938 SF medical office building with a new 15-year NNN lease extension.
  • Prime location near new Walmart & H-E-B, surrounded by thriving residential growth.
  • 100% occupied by MB2 Dental & Goldfish Pediatrics, offering strong, long-term cash flow.

Property Details for 2302 Sam Rayburn Hwy

Property type
Medical offices, Retail properties
Investment Type
core
Square Feet
6,938 SF
Class
A
Year Built
2018
Buildings
1
Stories
1
Total Parking Spaces
33
Elevators
N/A
Net Rentable (sq. ft)
6,938 SF
Lot Size (sq. ft)
32,670 SF
Net Operating Income
$168,810

Location Insight

City
Melissa
County
State
Texas

FAQs

What type of property is this?
Medical office - 6,938 SF, 100% Leased Medical Building
Where is the medical office located?
The property is located at 2302 Sam Rayburn Hwy Melissa , TX.
What is the asking price?
The asking price for this property is $2,700,961.
What are key features of this property?
This property features: 6,938 SF medical office building with a new 15-year NNN lease extension.; Prime location near new Walmart & H-E-B, surrounded by thriving residential growth.; 100% occupied by MB2 Dental & Goldfish Pediatrics, offering strong, long-term cash flow.
How can I contact the broker?
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2302 Sam Rayburn Hwy
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