Listed by Sands Investment Group Austin, Sands Investment Group Austin - Offenbecher
Unpriced
Cross Creek Ranch II - Fulshear, TX
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 16,971
Units 83
NOI $594,626
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 2024
Acreage 1.880
Investment Type Net Lease
Ground Lease No
High-Growth Houston MSA Asset | Brand New Class A Strip Center | Long-Term Leases
Marketing description
- Brand New Class A Construction Completed in 2024: Favorable rents with a weighte average below $35 PSF, offering a more sustainable basis compared to competing Houston MSA product achieving rents in the $45 PSF range.
- Highly Affluent Demographics: Average household incomes exceeding $210K and average home values approaching $600K within the surrounding trade area.
- Strategically Positioned Between Major Master-Planned Communities: Located between Cross Creek Ranch (7,000 homes) and the newly announced Hines master-planned community projected to deliver approximately 8,000 homes at full build-out.
- Service-Oriented Tenant Mix: Attractive roster featuring established food & beverage, medical/wellness, and fitness concepts designed to drive recurring daily traffic.
- High-Growth Submarket Fundamentals: Area has experienced approximately 56% population growth since 2020, supporting continued retail demand.
- Strong Visibility & Accessibility: Frontage along Westpark Tollway with traffic count exceeding 52,000 VPD and ongoing major four-lane expansion improving connectivity to Central Houston. Positioned strategically at the intersection of FM 1093 & Texas Heritage Pkwy.
Investment highlights
Sands Investment Group is pleased to exclusively offer for sale Cross Creek Ranch II, located at 28840 FM 1093 Road in Fulshear, TX, a top-tier investment market in the Houston MSA. The property was recently constructed in 2024 and is strategically located at the entrance to the best-selling Cross Creek Ranch master-planned community at the corner of FM 1093 and TX Heritage Pkwy. Situated in a high-growth market with affluent demographics, the property benefits from an unmatched consumer base, replaceable rents, long term leases and contractual rent bumps ensure steady income growth.
Listing Contacts
Listed by Sands Investment Group Austin, Sands Investment Group Austin - Offenbecher
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$594,626.00
$49,552.17/mo
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