Tucson, AZ 85716

Portillo's Ground Lease

Property Address

3761 East Broadway Boulevard, Tucson, AZ, USA

Offering Summary

  • Price: $5,778,000
  • Lot Size: 1.71 Acres
  • Cap Rate: 4.50%
  • Year Built: 2022
  • Building SF: 8,000
  • Status: In Escrow
Download Brochure Submit Offer
  • Brand New 12-Year Absolute Triple-Net (NNN) Ground Lease
  • First Portillo's in Tucson @ Iconic El Con Center Mall - One of the Most Successful Retail Projects in Arizona for the Past 60+ Years
  • 10 Percent Rental Increases Throughout Lease Term and Renewal Options
  • National Restaurant Chain with a Publicly-Traded Tenant (NASDAQ: PTLO) - 70+ Locations Across Nine States
  • New 2022 Build (Projected Store Open Date is November 15, 2022) - Prototype Building with a Double-Lane Drive-Thru
  • 296,004 Residents within a Five-Mile Radius - Dense Tucson Infill
  • Situated within El Con Center, a 1.2 Million Square Foot Open Air Shopping Mall, home to Century Theatres, Target, The Home Depot, Walmart, Ross, Burlington, Marshalls, In-N-Out, and Chick-fil-A
  • Strong Daytime Population with 424,301 Employees in the Surrounding Trade Area
  • Excellent Visibility and Location Along East Broadway Boulevard (36,400+ Cars/Day), a Major Thoroughfare with Direct Access to Downtown Tucson
  • Five-Minute Drive Away from 44,800+ College Students at The University of Arizona
  • Across from the Randolph Dell Urich Golf Course and Reid Park Zoo (Approx. 500,000 Annual Visitors)

Broker Information