Gateway 359 Business Park
Fulshear TX
Inline Space Available
Inline Space Available / Divisible
$29/SF/Year
Retail
Triple Net (NNN)
Unit 300
1,743 SF
Inline Space Available / Divisible
1,743 SF
$29/SF/Year
Retail
Triple Net (NNN)
Unit 300
±1,743 SF retail shell available in Gateway 359 Retail, a brand-new (2023) Class-A neighborhood center fronting FM 359 in fast-growing Fulshear/Brookshire, TX. Suite 300 (bay 3) is delivered as a clean gray shell — a blank canvas ready to build out for retail, medical/dental, office, salon/spa, or personal-service use. The suite runs approximately ±22′ of frontage × ±80′ deep (±1,743 SF), with high open ceilings, a storefront-glass entry, and 84 on-site parking spaces. It sits alongside a traffic-driving co-tenancy anchored by Anytime Fitness, with Shipley Do-Nuts, Pizza Hut, Grand Liquor, Monaco Nails & Spa, Tune Up – The Manly Salon, and a postal store. Offered at $29.00/SF NNN (below new-construction asking of ~$35/SF), with TI negotiable — an ideal foothold in one of Texas's fastest-growing, highest-income submarkets.
Gateway 359 Retail
Summary
- Retail Building 17,466 SF
- For Sale $6.29M | 6.75% CAP
- Rent $29 SF
- NNN $13.50 SF
- TI Negotiable
- Space 1 1,353 SF
- Space 2 1,743 SF
Fulshear TX
Done — traffic counts removed. Here's the updated copy:
Primary description:
Gateway 359 Retail | 100%-Leased NNN Investment | 5430 FM 359 South, Fulshear, TX
Gateway 359 Retail is a brand-new (2023), 17,466 SF Class-A multi-tenant retail center on 1.925 acres fronting FM 359 in fast-growing Fulshear/Brookshire, Texas. The eight-suite neighborhood center is 100% occupied and anchored by Anytime Fitness, with a complementary mix of daily-needs tenants — Monaco Nails & Spa, Shipley Do-Nuts, Grand Liquor, Pizza Hut, and Devasya Pack N Ship — all on true NNN leases that make the income essentially expense-neutral to ownership. Built in 2023, the center carries minimal deferred maintenance, modern building systems, 84 parking spaces, and prominent frontage and visibility on FM 359.
Offered at $6,290,000 — a 6.75% cap rate on $424,776 of day-one NOI ($360/SF) — the property delivers stabilized, financeable income from close, with a 12-month seller master lease covering the two remaining shell suites so a buyer collects full income while leasing them up. In-place rents blend to roughly $25/SF while new construction nearby is signing in the mid-$30s/SF NNN, creating meaningful mark-to-market upside as suites roll.
The location is the story: Fulshear is one of the fastest-growing, highest-income submarkets in Texas — three-mile population up 454% since 2020, average household incomes of $170K–$184K within five miles, roughly 8,273 new homes across five master-planned communities, and a new 100-acre Lamar CISD campus opening a mile away in 2027. It's an ideal 1031-exchange, private-investor, or owner-user acquisition in the path of durable, rooftop-driven retail demand. Contact broker for the
