5430 FM 359 Rd - Storefront FOR SALE


Fulshear, TX 77441
$6,290,000 USD
256-698-8199
5430 FM 359 Rd, Fulshear, TX for Sale
$6,290,000 USD
Storefront - FOR SALE
1/5
null | 6.75% Cap Rate

5430 FM 359 Rd
Fulshear, TX 77441


HIGHLIGHTS

  • 100% leased — 6 NNN tenants + seller master lease; $424,776 day-one NOI
  • New 2023 Class A construction — 6.75% cap / $360 PSF, below replacement cost
  • $10+/SF mark-to-market upside (~$25 in-place vs. $35 new construction on FM 359)
  • ~6-yr WALT — durable, contractual income
  • Signalized hard corner; 3-mile population +454% since 2020; 8,469 / 11,159 VPD
  • New Lamar CISD 100-acre campus opening 2027; avg. HH income ~$183K (5-mi)

OVERVIEW

Gateway 359 is a rare chance to own brand-new, 100% leased retail at the signalized hard corner of FM 359 & Hunt Road in the Brookshire/Fulshear rooftop boom. Built in 2023, it totals 17,466 SF across 8 suites on 1.925 acres and produces income from the day you close. Six tenants on true NNN leases — anchored by Anytime Fitness (5,000 SF) — plus a 12-month seller master lease at $29.00/SF NNN on the two remaining shell suites (Suites 300 & 800, 3,096 SF) generate $424,776 of day-one NOI, expense-neutral to the buyer, with ~6 years of weighted-average lease term. Offered at $6,290,000 — a 6.75% cap and just $360/SF, below replacement cost. In-place rents blend to ~$25/SF while new construction on FM 359 signs in the mid-$30s/SF NNN — a $10+/SF (~40%) mark-to-market runway. Population within three miles is up 454.1% since 2020; the five-mile ring holds 91,000+ residents with average household incomes ~$183,600 and owner-occupancy above 87%. Traffic runs 8,469 VPD on FM 359 and 11,159 VPD on nearby FM 1093. A new Lamar CISD 100-acre campus opens ±1 mile north in August 2027. Unincorporated Fort Bend County (no zoning), outside the FEMA floodplain (Zone X), steel construction, fully fire-sprinklered. Ideal for a 1031 exchange or owner-user. Full OM, rent roll and financials available upon request. Kris Bender, Realty 1 Partners · 832-847-4008 · kbender@r1partners.com

FOR SALE DETAILS

PRICE

$6,290,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5430 FM 359 South, Brookshire, TX 77423

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

-

APN/PARCEL ID

0014-00-000-0321-901

ASK ABOUT THIS PROPERTY

Kris BenderRealty 1 PartnersMore Info
256-698-8199

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Kris BenderRealty 1 PartnersMore Info
256-698-8199

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.