Portillo's - 15 Year Absolute NNN Ground Lease
5.00% CAP | 6,250 SqFt | Houston MSA
Marketing description
Portillo’s (NASDAQ: PTLO) is a fast-casual restaurant concept known for its menu of iconic Chicago-style street food. Portillo’s serves customers through high-energy, multichannel restaurants designed to ignite the senses and create a memorable dining experience.
Humble is a city located in the Houston metropolitan area in the northeast quadrant of Harris County, home to nearly 17,000 residents. As a suburb of Houston, Humble is linked economically to the Greater City of Houston region.
Investment highlights
» New 15-Year Absolute Triple-Net (NNN) Ground Lease
» 10% Rental Increases Every 5 Years with Multiple Renewal Options
» Corporate Guaranty by Portillo’s (NASDAQ: PTLO) - ±100 Locations
» Brand New High-Quality 2025 Construction with a Drive-Thru
» 155,967 Residents within a 5-Mile Radius - Growing Trade Area in the Houston MSA
» Average Household Income Exceeds $99,000 in the Surrounding Area
» Easily Accessible Location Immediately Off the I-69 Freeway with Excellent Frontage Along FM 1960 (±47,500 Cars per Day)
» Situated within a Dense Retail Corridor, Across from Deerbrook Mall and Surrounded by National Tenants: Walmart Supercenter, Sam’s Club, At Home, etc.
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