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28743272
30071295

16499 FM 423, Frisco, TX 75034

CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
Listed by Matthews
$6,000,000
93 days on market
Updated 13 days ago

Portillo’s - Trophy Location - A+ Market

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 6,250
Cap Rate 5%
NOI $300,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Chipotle (+6)
Lease Type Absolute NNN
Remaining Term 10
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $960
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 1.781
Zoning PD-254
Parking Spaces 75 spaces
Parking Per SqFt 12.00
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/06/2025
Ground Lease Yes
Ownership Fee Simple Ground Lease

Frisco, TX (DFW) | NNN | Surrounded by New Development

Marketing description

Patrick Graham

Broker of Record

License No. 528005, 9005919 (TX)

Matthews Real Estate Investment Services, Inc

Investment highlights

  • Affluent Trade Area: The surrounding community boasts an average household income exceeding $168,000, underscoring strong consumer purchasing power.

  • Exceptional Demographic Growth: The area has experienced approximately 9% annual population growth since 2020-ranking among the highest growth rates nationally.

  • Premier Intersection Location: Strategically positioned at the intersection of U.S. Highway 380 (a major east-west arterial) and FM 423 (a key north-south thoroughfare), providing high visibility and accessibility.

  • Recent Infrastructure Enhancements: Highway 380 has been recently expanded, including the addition of a newly constructed flyover to support increasing traffic volumes and improve intersection efficiency.

Kevin Puder & Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)

Listing Contacts

CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
Listed by Matthews

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Loan Amount
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$300,000.00
$25,000.00/mo

Valuation Metrics

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5%
Cap Rate
5%
ROI

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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