Current Use by Public Records
- Lifestyle centers
Property Details for 28432 Fm 10903
- Year built
- 2024
- Lot size
- 2.00 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Fulshear Square presents a unique investment opportunity in the rapidly expanding Houston MSA. This newly constructed (2024), 17,517 square foot shopping center boasts a 100% occupancy rate with seven diverse tenants, creating a strong and stable income stream. The property is situated on a 2-acre lot at a high-traffic corner in Fulshear, Texas, a town recognized as one of the fastest-growing in America. The center's tenant mix caters to daily needs, services, and dining, perfectly serving the affluent residents of nearby master-planned communities. The asking price is $8,962,000, representing a compelling $511.62 per square foot and a 6.50% capitalization rate. The Net Operating Income (NOI) currently stands at $582,555. All leases are NNN (Triple Net), ensuring full pass-through of expenses, including management fees, minimizing landlord responsibilities. This single-story building offers a straightforward and efficient management structure. The property's location at 28432 FM 10903, Fulshear, TX 77441, provides exceptional visibility and accessibility within this thriving market. This is a rare opportunity to acquire a high-performing, fully leased retail asset in one of the nation's fastest-growing areas.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fulshear
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.8686
- Latitude
- 29.6933
