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32348085
32348084

8722 Barker Cypress Road, Cypress, TX 77433

TH
TX 437341
CBRE - Houston Galleria
CBRE - Houston Galleria
Listed by CBRE - Houston Galleria
$2,362,205
28 days on market
Updated 21 days ago

Wings 'n More

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,745
Cap Rate 6.35%
NOI $150,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 05/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options Three (3) 5-year options at 10% increases
Year Built 2016
Year Renovated 2026
Acreage 0.975
Investment Type Net Lease
Lease Commencement 05/26/2026
Ground Lease Yes

Just Listed: Wings 'N More | New 10-year NNN Ground Lease | Scheduled Open June 2026

Marketing description

CBRE's Houston Net Lease Property Group, as exclusive advisor to Ownership, is pleased to present the exceptional opportunity to acquire a brand new Wings 'n More Ground lease located in the affluent Northwest Houston suburb of Cypress, TX. The new 10-year lease Absolute NNN Ground lease features zero landlord responsibilities and contractual rent increases of 10% every five years during initial term, as well as in each option of the (3) 5-year renewal options.

Wings 'n More was founded in 1986 and has now grown to include 7 locations throughout Southeast Texas, with twice as many in the pipeline. In December 2024, New York-based Private-equity firm, Goode Partners, acquired Wings 'n More Restaurants LLC with plans to grow the concept into new markets, initially focusing on Texas.

Investment highlights

Brand New Absolute NNN Ground Lease

  • New 10-year corporate absolute NNN ground lease with zero landlord responsibilities.
  • Estimated rent commencement in May 2026, allowing a new investor to capitalize on the entire lease term
  • Contractual rent increases of 10% every five years during initial term, as well as in each option of the (3) 5-year renewal options which potentially extend the lease through 2051

Established and Expanding Tenant

Founded in 1986, Wings 'n More opened their first location in Houston, TX and has since expanded to operate several locations in College Station/Bryan and Corpus Christi. In December 2024, New York-based Private-equity firm Goode Partners acquired Wings 'n More Restaurants LLC with plans to expand the concept into new markets, initially focusing on Texas.

Dominant Market Position

  • Within a 3-mile radius of the Property, there are more than 145,000 residents, a 39% increase from the 2010 census, and approximately 12.7M square feet of commercial space.
  • The Property also neighbors Lone Star College-CyFair campus, which enrolls about 22,000 students.
  • Wings 'N More is located near the signalized intersection of Barker Cypress Rd and West Rd, which offers direct access and exposure to nearly 48,000 vehicles per day

Listing Contacts

TH
TX 437341
CBRE - Houston Galleria
CBRE - Houston Galleria
Listed by CBRE - Houston Galleria

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Loan Amount
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
6.35%
Cap Rate
6.35%
ROI

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