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Portillo's 16499 FM 423 6,250 SF Retail Building Frisco, TX 75033 $6,000,000 ($960/SF) 5% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease — zero landlord responsibilities, tenant pays all expenses.
- Average household income exceeding $168,000 with ~9% annual population growth.
- Portillo's (NASDAQ: PTLO) — 95+ locations, $8.7M average unit volume, corporate guaranty.
- 5.00% cap rate on $300,000 NOI; 10% rent bumps every 5 years through options.
- Brand new 2026 Portillo's outparcel to H-E-B, adjacent to Walmart Supercenter.
- Located at U.S. 380 & FM 423 with 99,000+ vehicles per day in top Dallas market.
Executive Summary
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,250 SF
Building Class
B
Year Built
2026
Price
$6,000,000
Price Per SF
$960
Cap Rate
5%
NOI
$300,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.78 AC
Zoning
PD-254
Parking
75 Spaces (12 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 3
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