28432 Fm 10903Fulshear, TX 77441

For Sale
$8,962,000

High-traffic, fully leased shopping center in booming Fulshear, TX.

Overview

Added:
Dec 11, 2024
Days on market:
93
Fulshear Square presents a unique investment opportunity in the rapidly expanding Houston MSA. This newly constructed (2024), 17,517 square foot shopping center boasts a 100% occupancy rate with seven diverse tenants, creating a strong and stable income stream. The property is situated on a 2-acre lot at a high-traffic corner in Fulshear, Texas, a town recognized as one of the fastest-growing in America. The center's tenant mix caters to daily needs, services, and dining, perfectly serving the affluent residents of nearby master-planned communities. The asking price is $8,962,000, representing a compelling $511.62 per square foot and a 6.50% capitalization rate. The Net Operating Income (NOI) currently stands at $582,555. All leases are NNN (Triple Net), ensuring full pass-through of expenses, including management fees, minimizing landlord responsibilities. This single-story building offers a straightforward and efficient management structure. The property's location at 28432 FM 10903, Fulshear, TX 77441, provides exceptional visibility and accessibility within this thriving market. This is a rare opportunity to acquire a high-performing, fully leased retail asset in one of the nation's fastest-growing areas.

Highlights

  • Located in Fulshear, Texas, a town recognized as one of America's fastest-growing.
  • Newly constructed (2024), 17,517 square foot retail center, 100% occupied.
  • Seven diverse tenants offering a mix of daily needs, services, and dining.
  • Situated on a 2-acre lot in a high-traffic location, surrounded by master-planned communities.
  • Asking price: $8,962,000 ($511.62/SF), with a 6.50% capitalization rate and a current NOI of $582,555.

Property Details for 28432 Fm 10903

Property type
Lifestyle centers, Power centers
Square Feet
17,517 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Fulshear
County
Fort Bend
State
Texas
Latitude
29.693284
Longitude
-95.868589
28432 Fm 10903, Fulshear, Texas

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28432 Fm 10903
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