Listed by Marcus & Millichap - San Diego
$5,375,000
PORTILLO'S w/ DOUBLE DR-THRU | PAD TO MOST VISITED WALMART
Details
APN 16-33-220-043-0000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 7,800
Cap Rate 6%
NOI $322,500
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 10/30/2035
Remaining Term 9.4
Rent Bumps Yes
Class A
Year Built 2023
Acreage 2.830
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 6.00% CAP | 7,800 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310625/portillos-nasdaq-ptlo
Investment highlights
- Long Term Corporate Backed NNN Ground Lease Featuring 10% Rental Increases at Year 7 and Each Option. Brand New High Quality Construction - Latest Portillo’s Prototype w/ Double Dr-Thru.
- Chicagoland Portillo’s AUV is nearly Double any other Portillo’s Market AUV. This Location Generates more than $9M in Annual Sales, exceeding the Brand’s National Average.
- Extremely Dense Area with over 702k People Residing in a 5-Mile Radius. Chicago is the Cultural Epicenter of the Midwest - 9.5 Million People call the Nation’s Third Largest Metro Home.
- Outparcel to the #1 most Visited Walmart in Illinois and the 4th most Visited in the Nation. Walking Distance from Cicero Marketplace - a Community Shopping Center that sees more than 8.9M Visitors Annually and is the #1 most Visited Community Shopping Center in Illinois and Top 1% of most visited Community Shopping Centers in the Nation per Placer.ai.
- Portillo’s is a Top-Performing Fast-Casual Leader with 86+ Locations, $730M+ in Annual Revenue and $490M+ Net Worth, Generating Extraordinary $8–$11 Million Average-Unit Volumes and Industry-leading Drive-Thru throughput Supported by a Loyal National Customer Base.
- Proximity to Chicago’s Core Employment Hubs and Industrial Clusters - Located Minutes From Major Distribution Centers, Manufacturing Nodes, and Commercial Employment Zones That Generate Substantial Daytime Traffic and Drive Consistent Weekday Demand.
- Strategic Location Near I-55 and I-290 Transportation Corridors - Excellent Regional Connectivity to Major Interstate Systems Enhances Commuter Access, Logistical Convenience, and Broad Trade-area Reach, Strengthening Long-term Location Fundamentals.
- Prime Cicero Retail Corridor Location with Exceptional Daily Traffic - Positioned Along S Cicero Avenue, One of Chicago’s Busiest Commercial Arteries with Daily Traffic Counts Exceeding 51k Vehicles, offering Unmatched Visibility and Sustained Demand from Dense Surrounding Residential and Retail Communities.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$322,500.00
$26,875.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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