Listed by Secure Net Lease
$5,600,000
Portillo's
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,750
Cap Rate 5%
NOI $280,000
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic, Whataburger
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options (6), 5-Year Options to Renew
Year Built 2026
Buildings 1
Stories 1
Acreage 1.950
Investment Type Net Lease
Lease Commencement 05/26/2026
Ground Lease Yes
5.00% CAP | Signalized Freeway Interchange with 155,000+ VPD on I-35
Marketing description
- Rent Commencement: May 26, 2026 (Estimated)
- Brand New 15-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years in both the Primary Term and (6) 5-Year Renewal Options
- Signalized Freeway Interchange with 155,000+ VPD Exposure The property is positioned at the signalized intersection of IH-35 and Cibolo Valley Drive with 155K vehicles per day on IH-35 and 20K VPD on Cibolo Valley Drive. IH-35 serves as a primary commuter and regional artery connecting Schertz to the broader 2.7M-resident San Antonio MSA.
- Located Within the 72-Acre Schertz Station Retail Development The subject property is part of a planned 257,000+ SF mixed-use center anchored by EVO Entertainment (~100,000 SF) and national brands including Panera Bread, CAVA, Dave’s Hot Chicken, and Jersey Mike’s. Nearby retailers include H-E-B (~100,000 SF; 600 employees) and Chick-fil-A, reinforcing consistent daily consumer traffic.
- Surrounded by Established Institutional and Workforce Drivers SCUCISD serves 15,000+ students, with Byron P. Steele II High School (~2,500 students) and Samuel Clemens High School (~2,200 students) within 3 miles of the site. Randolph Air Force Base (10 miles) supports approximately 11,000 personnel, while UTSA (15 miles) enrolls 38,000+ students and San Antonio International Airport serves 11M+ annual passengers.
- Publicly Traded National Tenant with Strong Texas Expansion Portillo’s (NASDAQ: PTLO) generated approximately $732M in FY25 revenue across 98 locations, including 16 Texas units. The brand’s “Restaurant of the Future” prototype features dual drive-thru lanes and high-volume layouts designed for freeway-oriented suburban corridors.
- Fast-Growing Submarket Within the San Antonio MSA Schertz has experienced approximately 33% population growth over the past decade and reports median household incomes of roughly $96,000+, supporting more than $2.1B in annual retail sales. The San Antonio MSA continues to benefit from sustained job growth, industrial development, and ongoing I-35 infrastructure investment.
Investment highlights
- Brand New 15-Year Absolute NNN Ground Lease With 10% Rental Increases Every 5 Years And (6) 5-Year Renewal Options
- Signalized Interchange At I-35 & Cibolo Valley Drive With 155,000+ VPD Exposure
- Located Within The 72-Acre Schertz Station Retail Development Anchored By EVO Entertainment And National QSR Brands
- Publicly Traded Tenant (NASDAQ: PTLO) 98 Locations | $732M FY25 Revenue | Expanding Texas Footprint
- Schertz | San Antonio MSA 33% Population Growth Over Past Decade | $2.1B Retail Sales
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$280,000.00
$23,333.33/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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