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251 E Southlake Blvd ∙ Suite 100 Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466 Visit our website at www.castledevgroup.com 1 Melissa Medical Center

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Page 1: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 1

Melissa Medical Center

Page 2: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 2

Development Summary

Melissa Medical Building

SW Corner of State Hwy 5(McKinney St) & Scott Street

Melissa, TX 75454

DEVELOPMENT HIGHLIGHTS

• 11,300 SF Medical & Professional Office Building

Development

• 1.43 +/- acres (62,290 SF) campus including 5,300 SF

pediatric dentist and general dentist as phase 1 and 7,500

SF medical building as phase 2, Phase 2 can also be sold at

a premium as a pad site for future retail/medical

development

• Part of a future planned mixed use Melissa Town Center in

the Villages of Melissa development including a new city

hall with library, neighborhood retail, a farmer's market,

music pavilion and parks

• Great Visibility – Frontage on McKinney Street(Hwy 5) which

is a busy North/South thoroughfare in the Melissa market

• Great Accessibility located between the cities of Anna and

McKinney, with easy access to Interstate 75, State Highway

121 and State Highway 380

• Positioned to draw from the fast growing cities of Melissa,

Anna, and McKinney

• Next to Melissa Intermediate, Middle and High Schools

• Surrounded by residential developments in various stages of

development including the Villages of Melissa, North Creek

and Brookside

• Strong Demographics – with Median Household incomes

exceeding $89,000

DEVELOPMENT SUMMARY

Use: Medical, Professional Office

Lease Space: 2000 - 7500 SF

Building Size: 7,500 SF

Lot Size: 1.43 Acres

Offering Structure: Building For Lease \

Pad Site Available

Zoning PD – Planned Development

District

Frontage McKinney Street (Hwy 5) &

Scott Street

Page 3: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 3

Land:

The property is a single platted lot comprising of 1.43 acres on McKinney Parkway/Hwy 5. Water and sewer are located on site

with detention being served by an existing water feature/pond. Complete site/civil plans will be required by the city of Melissa

including a site plan package. The Site Plan process requires approval from DRC, P&Z, & City Council. This property is part of a

larger Melissa Town Center planned development.

Development Strategy:

Castle Development Group is constructing two medical office buildings in phases on the property. The first phase shall consist of

a 100% leased 5,300 SF multi-tenant medical office building with a general dentist and pediatric dentist. It will include all

necessary site/civil work to serve the first building. Construction quality will comprise of a class A single story development with

stucco, stone façade based on building standards consistent and complimentary to the Melissa Town Center theme. The second

phase is a planned 7,395 SF building on approximately .90 acres. This lot will be platted with the development of the first phase

and can be sold as a separate lot. All utilities will be extended to the building pad site.

Castle Development Group – Development Management Services:

Our development management services focus on all phases of the development process to ensure a successful project. We act

as the real estate extension on behalf of the owner(whether it’s our own project, joint venture or 100% development

management) achieving significant savings through value engineering. These services include detailed financial analysis, overall

site planning, building shell and finish-out design, loan package submittal assistance, contractor bidding and selection, city

permitting and construction management. Essentially we provide 100% oversight and management of the development effort

from the initial concept to handing tenants over the keys.

A more detailed breakdown of our Development Management Services includes:

• Site selection, due diligence, and negotiating land acquisitions

• Market research and demographic analysis

• Site plan, building elevation, and floor plan schematic design

• Detailed project budget and in-depth financial modeling, complete financing package, entity structuring and formation

• Project team selection and appointment of consultants

• Design management including value and cost engineering

• Construction Management - Overseeing construction delivery phases

Development Summary

Page 4: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 4

Aerial

Subject

Property

Page 5: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 5

Aerial

Subject

Property

Subject

Property

Page 6: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 6

3D Aerial

Heritage Glen Medical &

Assisted Living

Development

Page 7: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 7

Melissa Town Center Concept Plan

Page 8: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 8

Preliminary Site Plan

Page 9: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 9

Preliminary Elevations

Page 10: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 10

Melissa, TX is the next community to boom in Northeast Collin County. The city

is situated just 6 miles North of McKinney’s award winning downtown, Melissa

is perfectly located to continue to add to one of the #1 areas in America to live.

Melissa, TX is a fast growing family-friendly community 35 miles north of

Downtown Dallas. It is connected to the Big D via one of the highest north-south

traffic-count corridors in the Metroplex – U.S. 75 or Central Expressway as it is

known locally. Our Collin County neighbors to the south include Richardson,

Plano and McKinney, creating a Retail Trade Area population of over 38,000

(2013) which has easy access to Melissa via U.S. 75 and two additional major

thoroughfares – Highway 121 and Highway 5. To the North is Anna, TX with a

population of over 12,000.

The community’s quality of life offers spacious surroundings, luxurious yet

affordable living, exemplary rated schools, professional police and fire services

and a Comprehensive Master Plan that is geared toward managed growth.

Melissa, tx

Page 11: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 11

Demographics - Summary

Page 12: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 12

Demographics

Page 13: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 13

Demographics

Page 14: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 14

Demographics

Page 15: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 15

Demographics

Page 16: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 16

Demographic Market Comparison

Page 17: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 17

Demographic Market Comparison

Page 18: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 18

Demographic Trend Report

Page 19: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 19

Demographic Trend Report

Page 20: Melissa Medical Center - Castle Development Groupcastledevgroup.com/wp-content/uploads/2019/08/Melissa...Melissa, TX is a fast growing family-friendly community 35 miles north of Downtown

251 E Southlake Blvd ∙ Suite 100 ∙ Southlake, TX 76092 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466

Visit our website at www.castledevgroup.com 20

Traffic Count Report