JLL Capital Markets arranged the sale of Shops at Fry & Tuckerton, a 39,912-square-foot, newly constructed retail development in Cypress, Texas.
JLL worked on behalf of the seller, Gulf Coast Commercial Group.
The Shops at Fry & Tuckerton consists of three multi-tenant retail buildings totalling 39,912 square feet, located at the signalized intersection of Fry Road and Tuckerton Road. The property is positioned at the entrance of Bridgeland, a master-planned community with 21,000 residential lots covering 11,500 acres.
The development is fully leased across its three buildings, with 50% of the tenant mix being national franchises including Five Guys, Einstein’s Bagels, VIA 313 and Charley’s Cheesesteaks. The property benefits from a weighted average lease term of 9.2 years across all buildings.
The retail center serves multiple affluent master-planned communities in the Cypress submarket, including Bridgeland, Cypress Creek Lake, Towne Lake and Blackhorse Ranch,. The immediate trade area boasts exceptional demographics with an average household income of $225,000 within a one-mile radius.
Cypress continues to experience significant population growth, with the one-mile radius around the property growing from 1,756 residents in 2010 to a projected 18,107 by 2030. The area has attracted substantial multifamily development, with over 1,500 units delivered in a five-mile radius since 2024.
The Shops at Fry & Tuckerton benefit from high traffic counts with Fry Road generating 28,613 vehicles per day and Tuckerton Road generating 10,217 vehicles per day. The development is adjacent to a top-performing H-E-B grocery store that drives 2.2 million annual visitors to the area.
JLL Capital Market’s Investment Sales and Advisory team was led by Senior Managing Director Ryan West and Senior Directors John Indelli and Michael King.
