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Portillo’s | Grapevine, TX 460 State 114 hwy

6,250 SF Retail Building Grapevine, TX 76051 £5,297,187 (£848/SF) 4.80% Net Initial Yield

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Investment Highlights

Brand-New Construction Single-Tenant Portillo’s (NASDAQ: PTLO): New 10.5-year absolute NNN ground lease; zero landlord responsibilities
Situated at the Intersection of Highways 114 and 121 in a Popular Dallas Suburb
Dense, Affluent Demographics: 125,744 people with average household incomes over $162,000 within a 5-mile radius

Strategically Located in the Heart of Grapevine’s Primary Retail Corridor
The Property is Less than 5 Miles from Huge Traffic Draws and Caters to the Visitors of the Nearby Hotels and Airport
Dallas-Fort Worth MSA: Largest metropolitan area in Texas and fourth largest in the United States, with over 7.8 million residents

Executive Summary

New 10.5 Year Absolute NNN Ground Lease | Dominant Retail Corridor | Affluent Dallas-Fort Worth Suburb; $162K AHHI | $9.1 Million AUV’s; Highest of All QSR Brands(Restaurant Business Online - 2024)

Property Facts

Sale Type

Investment NNN

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Fast Food

Building Size

6,250 SF

Year Built

2024

Construction Status

Under Construction

Price

£5,297,187

Price Per SF

£848

Net Initial Yield

4.80%

NOI

£254,296

Tenancy

Single

Number of Floors

Building FAR

0.08

Land Acres

1.80 AC

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