Retail Bldg for Sale | Lease in Fulshear, TX | Gateway 359 Business Park

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Gateway 359 Retail | 100%-Leased NNN Investment | 5430 FM 359 South, Fulshear, TX

Gateway 359 Retail is a brand-new (2023), 17,466 SF Class-A multi-tenant retail center on 1.925 acres fronting FM 359 in fast-growing Fulshear/Brookshire, Texas. The eight-suite neighborhood center is 100% occupied and anchored by Anytime Fitness, with a complementary mix of daily-needs tenants — Monaco Nails & Spa, Shipley Do-Nuts, Grand Liquor, Pizza Hut, and Devasya Pack N Ship — all on true NNN leases that make the income essentially expense-neutral to ownership. Built in 2023, the center carries minimal deferred maintenance, modern building systems, 84 parking spaces, and prominent frontage and visibility on FM 359.

Offered at $6,290,000 — a 6.75% cap rate on $424,776 of day-one NOI ($360/SF) — the property delivers stabilized, financeable income from close, with a 12-month seller master lease covering the two remaining shell suites so a buyer collects full income while leasing them up. In-place rents blend to roughly $25/SF while new construction nearby is signing in the mid-$30s/SF NNN, creating meaningful mark-to-market upside as suites roll.

The location is the story: Fulshear is one of the fastest-growing, highest-income submarkets in Texas — three-mile population up 454% since 2020, average household incomes of $170K–$184K within five miles, roughly 8,273 new homes across five master-planned communities, and a new 100-acre Lamar CISD campus opening a mile away in 2027. It's an ideal 1031-exchange, private-investor, or owner-user acquisition in the path of durable, rooftop-driven retail demand. Contact broker for the