Investment Overview

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.