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5667 Fm 1488

Updated Sep 4, 2026

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Mitchell And Heather Wagner Lease 3,925 Square Feet At 5667 FM 1488 For The Flying Biscuit Cafe
LEASEDRetail

Mitchell And Heather Wagner Lease 3,925 Square Feet At 5667 FM 1488 For The Flying Biscuit Cafe

5667 Fm 1488

Building Size

3,925 SF

Asset Type

Retail

Closing

Sep 1, 2026

About this deal

AI

The property asset involved in this transaction is a retail space located at 5667 FM 1488 in The Woodlands, TX. The asset has a total square footage of 3,925 square feet and is leased to a franchise of The Flying Biscuit Cafe, a Georgia-based breakfast chain. The lease is part of an expansion strategy in the Greater Houston area, enhancing the cafe's presence.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 5667 FM 1488
  • Market: The Woodlands, TX
  • Landlord: Castlerock Group, LLC
  • Tenant: Mitchell & Heather Wagner - The Flying Biscuit Cafe
  • Landlord's Representative: Britton Lankford & Grant Gary - The Woodmont Company

Mitchell and Heather Wagner are the franchisees for The Flying Biscuit Cafe, indicating their role in expanding the brand's footprint in Texas. This lease marks a significant step in their strategy as they prepare for an anticipated opening in November, alongside plans for a second location in Katy, TX, further contributing to the growth of the franchise.

Players

Britton Lankford

The Woodmont Company

Broker

5 deals

Broker
Castlerock Group, LLC
Castlerock Group, LLCLandlord
The Flying Biscuit Cafe
The Flying Biscuit CafeTenant

Magnolia Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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