Current Use by Public Records
- Lifestyle centers
Property Details for 27120 Fulshear Bnd Dr
- Year built
- 2017
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 39,688 square foot retail center in Fulshear, Texas, presents a compelling investment opportunity. The property boasts a strong multi-tenant occupancy, anchored by a prominent H-E-B grocery store and including 17 tenants in total. The property features an absolute NNN ground lease with Regions Bank, offering a secure, passive income stream. With a 6.00% cap rate and a substantial NOI of $1,526,915, this investment offers significant returns. Built in 2017, the center benefits from its strategic location at the signalized intersection of Farm to Market 1463 Road and Fulshear Bend Drive, providing excellent visibility and accessibility. Minutes from Interstate 10, the property enjoys high traffic counts exceeding 71,000 vehicles daily. Situated within the rapidly growing Fulshear market, the center is surrounded by thriving master-planned communities, including Cross Creek Ranch, Fulshear Ranch, Firethorne, and Westheimer Lakes, with a combined projected 17,470 homes. The affluent demographic, with average household incomes exceeding $200,000 within a one-mile radius, further enhances the property's investment potential. The center's proximity to highly-rated Katy ISD schools, with over 4,800 students, adds to its appeal. This 1031 exchange-eligible property offers an attractive opportunity for investors seeking a stable, high-performing retail investment in a dynamic Texas market. The asking price is $25,449,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fulshear
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.8478
- Latitude
- 29.7179
