Log In/Sign Up
Your email has been sent.
5430 FM 359 South, Brookshire, TX 77423 5430 FM 359 Rd 17,466 SF 100% Leased Retail Building Fulshear, TX 77441 $8,873,303 CAD ($508.03 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 100% leased — 6 NNN tenants + seller master lease; $424,776 day-one NOI
- $10+/SF mark-to-market upside (~$25 in-place vs. $35 new construction on FM 359)
- Signalized hard corner; 3-mile population +454% since 2020; 8,469 / 11,159 VPD
- New 2023 Class A construction — 6.75% cap / $360 PSF, below replacement cost
- ~6-yr WALT — durable, contractual income
- New Lamar CISD 100-acre campus opening 2027; avg. HH income ~$183K (5-mi)
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,466 SF
Building Class
B
Year Built
2023
Price
$8,873,303 CAD
Price Per SF
$508.03 CAD
Cap Rate
6.75%
NOI
$599,231 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.92 AC
Parking
98 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,353 SF
- Retail
- In-Line
- 30 Days
- 1st Floor
- 1,743 SF
- Retail
- In-Line
- 30 Days
Freestanding building
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,353 SF | Retail | In-Line | 30 Days |
| 1st Floor | 1,743 SF | Retail | In-Line | 30 Days |
| 1st Floor | 12,000 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 1,353 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1st Floor
| Size |
| 1,743 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1st Floor
| Size |
| 12,000 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 12,000 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Freestanding building
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0014-00-000-0321-901 | Improvements Assessment | $14,657,036 CAD |
| Land Assessment | $3,437,156 CAD | Total Assessment | $18,094,192 CAD |
Property Taxes
Parcel Number
0014-00-000-0321-901
Land Assessment
$3,437,156 CAD
Improvements Assessment
$14,657,036 CAD
Total Assessment
$18,094,192 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
5430 FM 359 South, Brookshire, TX 77423 | 5430 FM 359 Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.