Portillo's Ground Lease 2650 S Market St

- Single-tenant Portillo’s investment opportunity offering a corporate modified net ground lease with 8.25 years remaining and four (4), five (5) year options. Rent increases 10% every five years.
- Portillo's was founded in Chicago in 1963 as an iconic Chicago-style fast-casual eatery that has expanded to ±84 locations across several states. Portillo’s has an average unit volume of $9 million, the highest of any fast-food brand, and total revenues of $679.9 million in 2023.
- The Property is located on a large lot size of ±2.9 acres.
- This location boasts strong demographics with a total population of ±124,339 and an average household income of $158,076 in a 3-mile radius (Source: Esri).
- The Property is located across the street from San Tan Village Marketplace – a ±280,559 square-foot shopping center anchored by Sam’s Club and Walmart Supercenter; down the street from San Tan Village – a ±1,203,000 square-foot high-performing outdoor shopping mall anchored by Dillard’s, Macy’s, Harkin’s Theatres, Dick’s Sporting Goods, Best Buy, and Nordstrom Rack; and San Tan Pavilions – a ±287,000 square-foot shopping center anchored by At Home and Trader Joe’s.
- Approximately two miles south of the Property is the Dignity Health Mercy Gilbert Medical Center, a medical campus with ±197 beds and over 1,400 employees (Source: dignityhealth.com).