This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

The Market at Cross Creek Ranch Phase 1

2 Retail Properties Offered at £20,242,643 in Multiple Locations

Investment Highlights

  • 100% leased retail shops within high-performing H-E-B center within the Houston MSA, with attractive assumable financing at below market interest rate
  • Located in Fulshear, TX, The Market at Cross Creek Ranch greatly benefits from a strong income trade area with average household incomes over $200,000
  • Within walking distance from Cross Creek Ranch, a 3,200-acre master-planned community with 7,332 projected homes
  • Regions Bank Absolute NNN Ground Lease with 13 years remaining on the lease
  • H-E-B-anchored shopping center situated at the entrance to master-planned community Cross Creek Ranch and adjacent to two newly constructed schools.

Executive Summary

The Market at Cross Creek Ranch is easily accessible at the signalized corner of Farm to Market 1463 Road and Fulshear Bend Drive, located minutes from Interstate 10, a major 880-mile Interstate Highway traversing the entire state of Texas and featuring over 71,000 vehicles per day near the site. The Market at Cross Creek Ranch is located in a densely populated community with more than 530,000 residents living within a 10-mile radius. A bustling community and one of the fastest-growing cities in Texas, the population of Fulshear skyrocketed from 1,589 in 2010 to 16,788 in 2023, a more than tenfold increase illustrating the city’s recent and explosive growth. Surrounded by newly constructed master-planned communities, including Cross Creek Ranch (3,200 acres; 7,332 projected homes), Fulshear Ranch (2,335 acres; 4,000 projected homes), Firethorne (1,400 acres; projected 3,337 homes), and Westheimer Lakes (879 acres; 2,801 projected homes). Boasting an extremely affluent market, this retail center thrives on average annual household incomes exceeding $200,000 within a one-mile radius. Adjacent to highly acclaimed and recently completed Katy ISD schools with an enrollment count of more than 4,800 students.

Property Facts

Price £20,242,643
Price / SF £546.46 / SF
Sale Conditions 1031 Exchange
Net Initial Yield 6%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 37,043 SF
Total Land Area 3.74 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
The Market at Cross Creek Ranch - Phase 1
5012 FM 1463 Dr, Fulshear, TX 77494
Retail 20,267 SF 2017 -
The Market at Cross Creek Ranch - Phase 1
5102 FM 1463 Rd, Katy, TX 77494
Retail 16,776 SF 2017 -
Show More > < Show Less
  • Listing ID: 33273654

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: The Market at Cross Creek Ranch Phase 1, Fulshear, TX

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}