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
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