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Humble (Houston), TX 77338

Portillo's Ground Lease

Property Address

111 Farm to Market 1960 Bypass, Humble, TX, USA

Offering Summary

  • Price: $6,560,000
  • Lot Size: 2.210 Acres
  • Cap Rate: 5.0%
  • Year Built: 2025
  • Building SF: 6,250
  • Status: Available
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  • New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Corporate Guaranty by Portillo’s (NASDAQ: PTLO) - ±100 Locations
  • Brand New High-Quality 2025 Construction with a Drive-Thru
  • 155,967 Residents within a 5-Mile Radius - Growing Trade Area in the Houston MSA
  • Average Household Income Exceeds $99,000 in the Surrounding Area
  • Easily Accessible Location Immediately Off the I-69 Freeway with Excellent Frontage Along FM 1960 (±47,500 Cars per Day)
  • Situated within a Dense Retail Corridor, Across from Deerbrook Mall and Surrounded by National Tenants: Walmart Supercenter, Sam’s Club, At Home, etc.

Broker Information

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