NewQuest Properties is nearing completion on a speculative retail project, the Shops at Rock Creek, in a strong sign of support for a rapidly expanding suburban pocket in northwest Houston.
The 21,350-square-foot Shops at Rock Creek, which is 32 percent pre-leased, will deliver at month’s end along Grant Road in Cypress, Texas. The newest tenants to join the lineup are Wingstop Inc. and Domino’s Pizza Inc., each one pre-leasing 1,400 square feet for side-by-side storefronts.
“Throughout the pandemic, Wingstop and Domino’s have been doing quite well,” said Andrew Alvis, a senior associate with Houston-based NewQuest Properties who leases the project.
Wingstop, Domino’s and service- and medical-based co-tenants anticipate opening in early summer. Meanwhile, construction has just started for Mudslingers Drive-Thru Coffee, which has ground-leased one of the two pad sites in the NewQuest development.
Wingstop will be a franchised location; Domino Pizza is a corporate-owned site. Jason Gaines of NAI Partners was the tenant rep for the franchisee. Robert Hantgan of EPI Realty represented the pizza chain.
The Shops at Rock Creek, situated on 4.5 acres, is shadow-anchored by a 90,000-square-foot H-E-B grocery store at the intersection of Spring Cypress and Grant roads. The projects have built-in synergies through a cross-access parking lot agreement, which visually creates the appearance of one large retail development.
“This is the last parcel at that intersection that could be developed,” Alvis said. “NewQuest’s partners felt comfortable developing spec because of our past successes in being adjacent to an H-E-B.”
The H-E-B is the only grocery store in the immediate area, drawing customers from a five-mile radius. Population is hovering near 202,000, up 31 percent since 2010. Within a one-mile trade area, the average annual household income is $144,000. Spring Cypress and Grant roads have been expanded to four lanes each to accommodate the fast-paced residential growth.
“The Shops at Rock Creek is a neighborhood center, so we’re focused on services-based users and pandemic-resilient brands like Wingstop and Domino’s Pizza,” Alvis said.