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Space Available For Lease 1
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Contacts
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Realty 1 Partners
Property Details
- Property Type Retail
- Units 1
- Year Built 2002
- Date Updated Aug 17, 2026
Done — traffic counts removed. Here's the updated copy:
Primary description:
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
Reach out to the broker for more info on lease terms and amenities
Highlights
- #1 Most Diverse County in the Nation U.S. Census Bureau, 2020
- 2nd Best County to Live in Texas Niche, 2022
- 2nd Safest City in Texas Safewise, 2021
- 4th Wealthiest Zip Code in Houston Houston Business Journal, 2020
- 7 Master Planned Communities under 1 mile: Cross Creek West, Del Webb, Polo Ranch, Vanbrooke, Tmarron
- 9th In Nation for Job Growth Stats America, 2020
- Fort Bend County has the highest level of educational attainment in the Greater Houston region. (U.S. Census Bureau, 2020)
- Fort Bend County is the richest county in Texas. (247 Wall Street, 2020)
- Fulshear ranked as fastest growing city in Texas in 2020 and 2021 - U.S. Census Bureau 2022
- Lamar Consolidated Independent School District was one of only 301 school districts to earn an A rating from the Texas Education Agency in 2019 (the last year ratings were given
- Price: $6,290,000 6.75% cap $360/SF NOI $424,776
- School Districts: Lamar ISD and Katie ISD
Getting around
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6/100
Walk Score ®
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25/100
Bike Score ®
Location
- City Brookshire, TX
- Zip Code 77423
- Market Houston
Points of Interest
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Shell
2.79 miles
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Chevron
4.05 miles
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Flying J
4.20 miles
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Texaco
4.49 miles
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Love's Travel Stop
4.71 miles
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H-E-B Fuel
4.77 miles
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Tesla Supercharger
7.17 miles
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Parking lot at Cross Creek Ranch Arbor Park
4.07 miles
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Loves' # 234 - Katy
4.67 miles
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residence inn Katy Mills pkwy
7.68 miles
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Cinco Park Parking
8.13 miles
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ADA Lot
8.31 miles
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Oversize Lot
8.32 miles
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Cinco Ranch Building parking lot
8.37 miles
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West Gate Garage
9.06 miles
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East Gate Garage
9.19 miles
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Visitor Parking
9.91 miles
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La Balance Cafe
2.47 miles
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Domino's
2.73 miles
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Pier 36 Seafood Restaurant & Oyster Bar
2.74 miles
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Subway
2.75 miles
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Pepperoni’s
2.75 miles
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The Cafe at Brookwood
3.94 miles
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Popeyes
4.00 miles
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Jack in the Box
4.02 miles
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McDonald's
4.05 miles
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Taco Bell
4.11 miles
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B & B Food
4.46 miles
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H-E-B
4.65 miles
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ALDI
4.87 miles
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Walmart Supercenter
5.34 miles
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Kroger Marketplace
5.62 miles
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Spring Green Market H-E-B
6.87 miles
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Kroger
7.01 miles
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Pinch A Penny Pool Patio Spa
7.07 miles
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Midway Food Market
7.39 miles
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Katy Mills
7.86 miles
5430 FM 359 Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
Retail space at Retail Bldg for Sale | Lease in Fulshear, TX | Gateway 359 Business Park asks $29.00/Acre/YR per square foot.
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The property includes 1,743 square feet of retail space for lease. Of this total, 1,743 square feet are Retail.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
