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5220 Fm 1463 Rd
Fulshear, TX 77494

New Sonic G.L. | 34,682 VPD | $169,000 AAHI · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,704 SF
Building Class
C
Year Built
2018
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.08 AC

About 5220 Fm 1463 Rd , Fulshear, TX 77494

The Sonic Ground Lease is strategically located at the signalized intersection of Fulshear Bend Drive and FM 1463, with excellent visibility and access to 34,682 vehicles per day. The property is outparcel to The Market at Cross Creek Ranch, a new shopping center development anchored by H-E-B and featuring well-known tenants like Great Clips, MOD Pizza, Leslie’s Pool Supplies, Regions Bank, and more. Located in a rapidly growing commercial and retail corridor, the property is also near national brands like Walmart Supercenter, PetSmart, Chick-fil-A, Aldi, AutoZone, CVS, and McDonald’s. The Sonic ground lease benefits from its prime location in the heart of a new growth market. The property is part of the Cross Creek Ranch planned community, which is expected to feature 7,200 homes and have a population of 18,560 upon completion. Other communities are under development in the surrounding area, and approximately 43,000 new homes are planned within a five-mile radius of the property. The property is also within walking distance of two new schools being built directly behind The Market at Cross Creek Ranch. The two schools will jointly serve 3,400 students and represent a more than $250 million investment by the Katy Independent School District into the Cross Creek Ranch community. Additionally, the property is supported by a large, affluent customer base; 134,022 residents live within five miles of the property, and average household incomes equal or exceed $169,000 within one-, three-, and five-mile radii.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0321-00-003-0123-914
Land Assessment
£1,214,668
Improvements Assessment
£2,192,171
Total Assessment
£3,406,839
  • Listing ID: 16262828

  • Date on Market: 06/06/2019

  • Last Updated:

  • Address: 5220 Fm 1463 Rd, Fulshear, TX 77494

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