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Commons at Cross Creek - Phase II 28840 FM 1093 Rd 16,971 SF 100% Leased Retail Building Fulshear, TX 77441 For Sale
Investment Highlights
- Favorable rents with a weighted average below $35 PSF, offering a more sustainable basis compared to competing Houston MSA product.
- Located between Cross Creek Ranch (7,000 homes) and the newly announced Hines master-planned community projected to deliver approximately 8,000 homes.
- Area has experienced approximately 56% population growth since 2020, supporting continued retail demand.
- Average household incomes exceeding $210K and average home values approaching $600K within the surrounding trade area.
- Attractive roster featuring established food & beverage, medical/wellness, and fitness concepts designed to drive recurring daily traffic.
- Tollway with traffic counts exceeding 52,000 VPD and ongoing major four-lane expansion improving connectivity to Central Houston.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale Cross Creek Ranch II, located at 28840 FM 1093 Road in Fulshear, TX, a top-tier investment market in the Houston MSA. The property was recently constructed in 2024 and is strategically located at the entrance to the best-selling Cross Creek Ranch master-planned community at the corner of FM 1093 and TX Heritage Pkwy. Situated in a high-growth market with affluent demographics, the property benefits from an unmatched consumer base, replaceable rents, long-term leases, and contractual rent bumps that ensure steady income growth.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,971 SF
Building Class
B
Year Built
2024
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.88 AC
Parking
83 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
307’ on Farm to Market Road 1093
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 2 Luxe Tanning Plus
- Services
- 2,262 SF
- $35.00
- Triple Net
- -
- Berkeley Eye Institute
- Health Care and Social Assistance
- 2,800 SF
- $35.00
- Triple Net
- -
- Bodyworks
- Services
- 1,309 SF
- $35.00
- Triple Net
- -
- Budokan Martial Arts
- Arts, Entertainment, and Recreation
- 2,500 SF
- $32.96
- Triple Net
- -
- Jeremiah's Italian Ice
- Accommodation and Food Services
- 1,400 SF
- $37.74
- Triple Net
- -
- Lupe's Mexican Cafe
- Accommodation and Food Services
- 5,000 SF
- $34.00
- Triple Net
- -
- Serene Head Spa and Lash
- Services
- 1,700 SF
- $34.00
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 2 Luxe Tanning Plus | Services | 2,262 SF | $35.00 | Triple Net | - | |
| Berkeley Eye Institute | Health Care and Social Assistance | 2,800 SF | $35.00 | Triple Net | - | |
| Bodyworks | Services | 1,309 SF | $35.00 | Triple Net | - | |
| Budokan Martial Arts | Arts, Entertainment, and Recreation | 2,500 SF | $32.96 | Triple Net | - | |
| Jeremiah's Italian Ice | Accommodation and Food Services | 1,400 SF | $37.74 | Triple Net | - | |
| Lupe's Mexican Cafe | Accommodation and Food Services | 5,000 SF | $34.00 | Triple Net | - | |
| Serene Head Spa and Lash | Services | 1,700 SF | $34.00 | Triple Net | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0050-00-000-0406-901 | Improvements Assessment | $1,794,362 |
| Land Assessment | $982,714 | Total Assessment | $2,777,076 |
Property Taxes
Parcel Number
0050-00-000-0406-901
Land Assessment
$982,714
Improvements Assessment
$1,794,362
Total Assessment
$2,777,076
Contacts
-
Ethan Offenbecher -
Zuhare Rizvon -
Baker Baine -
Sands Investment Group Austin, LLC
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Commons at Cross Creek - Phase II | 28840 FM 1093 Rd
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