UPDATED: FEBRUARY 10, 2017 3:15 PM — Arizona-based STORE Capital is buying up multiple locations of The WingHouse Bar & Grill throughout Florida, and may in fact have bought the entire chain.
The REIT paid $1.9 million on Jan. 27 to buy Ker's Winghouse restaurant at 3401 W. Vine St. in Kissimmee.
The same day, STORE paid $2 million for an Orlando Winghouse at 3789 S. Kirkman Road, $2.09 million for a Northwest Orlando location at 3201 Parkway Center Court, $2.2 million for the Sanford store, and $1.7 million for the Altamonte Springs location.
The Lakeland location was also a part of the deal, selling for $1.9 million. The deeds were recorded Tuesday and Friday, with acquisitions made through affiliate company STORE Master Funding IX.
Deeds also posted this week for sales of five WingHouse locations in the Tampa Bay market: Tampa, Brandon, Palm Harbor, New Port Richey and Wesley Chapel.
The Kissimmee restaurant was built in 2009 and comprises 5,339 square feet. The Orlando store, built in 1999, is larger at 7,735 square feet. The Altamonte Springs location was built in 1994.
The first Wing House opened in Largo in 1994, led by Crawford Ker, a former University of Florida football player who went on to play for the Dallas Cowboys and Denver Broncos. The Tampa-based chain was sold in its entirety three years ago to private, family investment fund called Third Lake Capital. That fund manages the investments of Ashley Furniture founder Ronald Wanek.
WingHouse has 29 locations, all in Florida, including eight in Central Florida and 15 in the Tampa Bay market. So far, GrowthSpotter has located 11 sales in seven counties.