16499 Farm to Market Road 423, Frisco, TX 75034

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

• Surrounded by Anchors: Anchored by HEB, Walmart Supercenter, Home Depot, Kroger Marketplace, and countless other national retailers, brand new High School, near PGA Headquarters, and other Fortune 500 headquarters.

• 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.

• Structured rent increases every 5 years, including during option periods.

• Annual rent increases from $300,000 to $330,000 in Year 6 — an increase of 10%, driving the effective cap rate from 5.00% to 5.50% at list price.

• Four (4) five-year renewal options, each with additional 10% rent bumps, providing a hedge against inflation while still allowing for future upside.

• Absolute NNN Ground Lease – Tenant is responsible for all taxes, insurance, maintenance, and utilities.

• Portillo’s (NASDAQ: PTLO) is one of the nation’s fastest-growing QSR brands, with a cult following, strong balance sheet, and public company backing.

• New 2026 construction with a 6,250 SF Portillo’s prototype building, double drive-thru lanes, and outdoor patio seating.