The Market at Cross Creek Ranch Phase 1
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The Market at Cross Creek Ranch Phase 1
2 Retail Properties Offered at $25,449,000 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 | $25,449,000 | Status | Active |
| Price / SF | $687.01 / SF | Number of Properties | 2 |
| Sale Conditions | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 37,043 SF |
| Sale Type | Investment | Total Land Area | 3.74 AC |
| Price | $25,449,000 |
| Price / SF | $687.01 / SF |
| Sale Conditions | 1031 Exchange |
| Cap Rate | 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
5102 FM 1463 Rd, Katy, TX 77494 |
Retail | 16,776 SF | 2017 | - |
|
The Market at Cross Creek Ranch - Phase 1
5012 FM 1463 Dr, Fulshear, TX 77494 |
Retail | 20,267 SF | 2017 | - |
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The Market at Cross Creek Ranch Phase 1
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