Milrany Crossing is a 100 percent leased, 12,002-square-foot, multi-tenant retail center located in the high-growth North Dallas suburb of Melissa, Texas. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including Texas Health Urgent Care, Noni’s Brunch House, Casa Bella Décor, Gideon Math & Reading Center, and Amaze Nail Bar. All leases are triple-net and include rent escalations during the primary term, as well as options for renewal with rent increases. The building is new 2023 construction featuring an attractive architectural design, situated on a 1.629-acre lot with concrete parking.
The subject property is positioned in a prime location at the signalized intersection of Milrany Lane and Sam Rayburn Highway (State Highway 121). The property benefits from ingress and egress points from both roads, and cumulative traffic counts exceed 25,450 vehicles per day. Nearby national and regional retailers include Kroger, Wingstop, Smoothie King, Jersey Mike’s, McDonald’s, Wendy’s, Starbucks Coffee, Taco Bell, Golden Chick, Burger King, and many others. Melissa High School, with a current enrollment of approximately 1,485 students, is located less than one-half mile south of the subject property, driving additional traffic to the area. Buc-ee’s is four miles from the subject property, and a new H-E-B grocery and Dutch Bros. roasting plant are under development.
- 12,002-Square-Foot, Multi-Tenant Retail Center | New 2023 Class ‘A’ Construction
- Fully Stabilized | 100% Leased | Long-Term, Triple-Net Leases
- All Leases Include Rent Escalations During the Primary Terms, Providing Year-Over-Year Income Growth
- Situated on Near the Signalized Intersection of Milrany Lane and Sam Rayburn Highway (State Highway 121) | Cumulative Traffic Counts Exceed 22,450 Vehicles per Day
- Just North of Melissa High School | Current Enrollment is Approximately 1,485 Students
- Close Proximity to Nearby Multi-Family and Single-Family Residential Developments | Directly in Front of Farmhouse 121 Apartments (284 Units), and Across from Avilla Springs (212 Units)
- Nearby Residential Developments Include Milrany Ranch (238 Lots), Hunter’s Creek (429 Lots), Brookside (308 Lots), Trails of Melissa (418 Lots), Hines Development (238 Lots), Meadow Run (133 Lots) and Many More
- Extremely Affluent Surrounding Area | Average Household Income is $131,433 within One Mile; $138,496 within Three Miles; and $135,761 within Five Miles
- Melissa is One of the Fastest-Growing Cities in North Texas | Located Approximately 41 Miles North of Downtown Dallas and Eight Miles North of McKinney, Along U.S. 75 and Sam Rayburn Highway (State Highway 121)
- Home to Nationally Renowned Sports Facility, The Z-Plex
