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Portillo's Ground Lease 111 FM 1960 Byp E 6,250 SF Retail Building Humble, TX 77338 $9,090,848 CAD ($1,454.54 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year Absolute Triple-Net (NNN) Ground Lease
- Corporate Guaranty by Portillo’s (NASDAQ: PTLO) - ±100 Locations
- 155,967 Residents within a 5-Mile Radius - Growing Trade Area in the Houston MSA
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Brand New High-Quality 2025 Construction with a Drive-Thru
- Average Household Income Exceeds $99,000 in the Surrounding Area
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,250 SF
Building Class
B
Year Built
2025
Price
$9,090,848 CAD
Price Per SF
$1,454.54 CAD
Cap Rate
5%
NOI
$454,542 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.21 AC
Frontage
138’ on Fm-1960-byp Rd
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Portillo's
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Portillo's | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,352,387 CAD | |
| Land Assessment | $1,380,832 CAD | Total Assessment | $3,733,219 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,380,832 CAD
Improvements Assessment
$2,352,387 CAD
Total Assessment
$3,733,219 CAD
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Portillo's Ground Lease | 111 FM 1960 Byp E
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