New Retail Shopping
For Sale
Contact for pricing
5430 FM 359 South, Brookshire, TX 77423
Built in 2023 with eight suites and 100% occupancy under triple-net lease structures.
Property Size17,466 SF
Lot Size1.93 Acres
Price / SF$360.13
Days on Market52
Property Features for 5430 FM 359 South
General Information
Standard status
Active
Size
17,466 SF
Class
A
Total Parking Spaces
84
Lot size
1.93 Acres
Property subtype
Retail
Zoning
None – Unincorporated Fort Bend County
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$426,062
Additional Details
Cap Rate
6.75%
Traffic Count
8,469 vehicles/day
Sprinkler System
Yes
Building Details
Year Built
2023
Buildings
1
Stories
1
Units
8
Tenancy
Multi
Construction
steel construction
Listing Agency:
Reality 1 Partners
Listed By:
Kris Bender · License #TX 00324828
Source:
Crexi
Added: Jul 16
Changed: Aug 25
Last Checked: Sep 3 at 2:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reality 1 Partners
Investment Insights
Based on property information with market context.
Gateway 359 is a newly constructed retail shopping center built in 2023. The property totals 17,466 SF across eight suites on 1.925 acres and is 100% leased. The tenant mix includes six tenants on true triple-net (NNN) leases, anchored by Anytime Fitness in a 5,000 SF space.
The center fronts a signalized corner at FM 359 and Hunt Road. It is located in unincorporated Fort Bend County with no zoning, outside the FEMA floodplain (Flood Zone X). Construction is steel and the building is fully fire-sprinklered.
Two additional suites (Suites 300 and 800, 3,096 SF total) are currently shell spaces under a 12-month seller master lease at $29.00/SF NNN. Full offering materials, including the rent roll and financials, are available upon request.
The center fronts a signalized corner at FM 359 and Hunt Road. It is located in unincorporated Fort Bend County with no zoning, outside the FEMA floodplain (Flood Zone X). Construction is steel and the building is fully fire-sprinklered.
Two additional suites (Suites 300 and 800, 3,096 SF total) are currently shell spaces under a 12-month seller master lease at $29.00/SF NNN. Full offering materials, including the rent roll and financials, are available upon request.
Key Highlights
- Built in 2023: 17,466 SF retail center on 1.925 acres with 8 suites and 100% occupancy.
- Six tenants on true triple‑net (NNN) leases plus a 12‑month seller master lease at $29.00/SF NNN for two shell suites (Suites 300 & 800, 3,096 SF).
- Day‑one NOI of $424,776, described as expense‑neutral to the buyer.
Property Analytics
Property Profile
Current Use
Lease Details
8,469 VPD
Traffic count
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 77423, TX
16,152
Population
5,612
Households
2.9
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
148.6 sq mi
ZIP Area
109
Density / Sq Mi
$82,280
Median Household Income
$49,918
Median Earnings
$1,340
Median Rent
$266,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Built in 2023 with eight suites and 100% occupancy under triple-net lease structures.
Where is this nnn property located?
The property is located at 5430 FM 359 South Brookshire, TX.
What is the asking price?
The asking price for this property is $6,290,000.
What are key features of this property?
This property features: Built in 2023: 17,466 SF retail center on 1.925 acres with 8 suites and 100% occupancy.; Six tenants on true triple‑net (NNN) leases plus a 12‑month seller master lease at $29.00/SF NNN for two shell suites (Suites 300 & 800, 3,096 SF).; Day‑one NOI of $424,776, described as expense‑neutral to the buyer.
