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5430 FM 359 South, Brookshire, TX 77423 5430 FM 359 Rd 17,466 SF 100% Leased Retail Building Fulshear, TX 77441 $6,290,000 ($360.13/SF) 6.77% Cap Rate
Investment Highlights
- 100% leased — 7 NNN tenants + seller master lease; $426,072 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
Seven 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 (Suite 300, 1,743 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
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Miscellaneous
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tune Up Manly Salon
- Services
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99,999 SF
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$9.99
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tune Up Manly Salon | Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
±1,743 SF retail shell available in Gateway 359 Retail, a brand-new (2023) Class-A neighborhood center fronting FM 359 in fast-growing Fulshear/Brookshire, TX. Suite 300 (bay 3) is delivered as a clean gray shell — a blank canvas ready to build out for retail, medical/dental, office, salon/spa, or personal-service use. The suite runs approximately ±22' of frontage × ±80' deep (±1,743 SF), with high open ceilings, a storefront-glass entry, and 84 on-site parking spaces. It sits alongside a traffic-driving co-tenancy anchored by Anytime Fitness, with Shipley Do-Nuts, Pizza Hut, Grand Liquor, Monaco Nails & Spa, Tune Up – The Manly Salon, and a postal store. Offered at $29.00/SF NNN (below new-construction asking of ~$35/SF), with TI negotiable — an ideal foothold in one of Texas's fastest-growing, highest-income submarkets
| Space | Size | Space Use | Position | Available |
| 300 | 1,743 SF | Retail | In-Line | 30 Days |
300
| Size |
| 1,743 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
300
| Size | 1,743 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
±1,743 SF retail shell available in Gateway 359 Retail, a brand-new (2023) Class-A neighborhood center fronting FM 359 in fast-growing Fulshear/Brookshire, TX. Suite 300 (bay 3) is delivered as a clean gray shell — a blank canvas ready to build out for retail, medical/dental, office, salon/spa, or personal-service use. The suite runs approximately ±22' of frontage × ±80' deep (±1,743 SF), with high open ceilings, a storefront-glass entry, and 84 on-site parking spaces. It sits alongside a traffic-driving co-tenancy anchored by Anytime Fitness, with Shipley Do-Nuts, Pizza Hut, Grand Liquor, Monaco Nails & Spa, Tune Up – The Manly Salon, and a postal store. Offered at $29.00/SF NNN (below new-construction asking of ~$35/SF), with TI negotiable — an ideal foothold in one of Texas's fastest-growing, highest-income submarkets
Nearby Major Retailers
Property Taxes
| Parcel Number | 0014-00-000-0321-901 | Improvements Assessment | $10,389,903 |
| Land Assessment | $2,436,490 | Total Assessment | $12,826,393 |
Property Taxes
Contact the Sale Advisor
5430 FM 359 South, Brookshire, TX 77423 | 5430 FM 359 Rd