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Cross Creek Ranch Phase 2 4846 FM 1463 Rd

22,802 SF 100% Leased Retail Building Katy, TX 77494 $17,835,222 CAD ($782 CAD/SF) 6.25% Cap Rate

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Investment Highlights

Leased retail shops within high-performing H-E-B center within the Houston MSA
H-E-B-anchored shopping center situated at the entrance to master-planned community Cross Creek Ranch and adjacent to two newly constructed schools
The Market at Cross Creek Ranch is easily accessible at the signalized corner of Farm to Market 1463 Road and Fulshear Bend Drive

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
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

Executive Summary

The Market at Cross Creek Ranch is strategically located in the bustling community of Fulshear, surrounded by densely populated master-planned residential communities and well-attended schools. Located along Farm to Market 1463 Road, the property benefits from its close proximity to Cross Creek Ranch (a master-planned community boasting 7,300+ homes) as well as Jordan High School and Joe M. Adams Junior High School (highly-acclaimed Katy ISD schools with 4,800+ students enrolled). 530,107 residents live within 10 miles of the property, establishing a strong and reliable customer base. Fulshear’s rapid population growth has also sparked a surge in residential development, making it one of the most highly sought-after communities in the region. The site maintains beneficial proximity to Houston, the most populous city in Texas and fourth most-populous city in the U.S. with a population of 2,305,889. Houston is recognized worldwide for its energy industry and recently has become a growing hub for technology startup firms, providing a strong market in an income-tax-free state with many opportunities in diverse industries. Home to 26 Fortune 500 companies, Houston is also a strategic location for thousands of companies, including ExxonMobil, Sysco, and Hewlett Packard Enterprise.