Listed by Summit Real Estate
$5,525,000
Portillo's
Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 6,155
Cap Rate 5.25%
NOI $290,000
Occupancy 100%
Tenancy Single
Brand/Tenant Portillo's
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 07/31/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options 4 x 5 Years
Year Built 2025
Acreage 2.550
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/11/2025
Ground Lease Yes
Absolute Net Ground Lease | Pad to Class A Power Center | 2.55 Acre Lot on Major Hwy w Strong Demos
Investment highlights
- 9 Years Remaining on Absolute NNN Ground Lease – Zero landlord responsibilities
- Hands-Off Investment – Management-free in a state with no state income tax
- Adjacent to Epic West Towne Crossing (a 330k SF Power Center) which features national retail anchors such as Burlington, PetSmart, Ross Dress for Less, HomeGoods and many others — helping create strong cross-shopping synergy for a restaurant tenant.
- Established National Brand – Portillo’s (NASDAQ: PTLO) is a fast-casual leader known for its menu of Chicago-style favorites. Founded in 1963 by Dick Portillo, now 88+ restaurants across 10 states
- #1 Highest AUV in Category – Reported AUV of $9.1M in 2023, ranking #1 among all quick-service and fast-casual restaurant chains Source: Restaurant Business Online
- National Recognition – Voted one of the “10 Best Fast Casual Restaurants in the U.S.” by USUSA TA Today Readers’ Choicy Readers’ Choice (2024)
- 5-mile radius of the Epic West location the population is ~266,190 and average household income exceeding ~$100,000
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$290,000.00
$24,166.67/mo
Valuation Metrics
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DSCR
5.25%
Cap Rate
5.25%
ROI
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