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Portillo's IH-35 6,250 SF Retail Building Schertz, TX 78108 $5,600,000 ($896/SF) 5% Cap Rate
Investment Highlights
- 2026 Construction. 6,750+/- SF Building. 1.95+/- Acre Site
- Located Within 72-AC Schertz Station Retail Development – 257,000+ SF Mixed-Use Center Anchored by EVO Entertainment (~100k SF)
- Publicly Traded National Tenant- Portillo’s (NASDAQ: PTLO) has Approx. $732M in FY25 Revenue Across 98 Locations, Including 16 Texas Locations
- Signalized Freeway Interchange Positioned at Intersection of IH-35 (155k+ VPD) and Cibolo Valley Drive (20k+ VPD)
- Surrounded by Demand Drivers – SCUCISD (15k+ Students), Randolph Air Force Base (11k Personnel), UTSA (38k+ Students), SA Airport (11M+ Passengers/Yr)
- Schertz | Fast-Growing Submarket Within the San Antonio MSA | 33% Pop. Growth in Past Decade | Population: 45,566+
Executive Summary
15-Year Absolute NNN Ground Lease w/ 10% Rent Increases Every 5 Years in Primary Term & (6) 5-Year Renewal Options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,250 SF
Building Class
B
Year Built
2026
Price
$5,600,000
Price Per SF
$896
Cap Rate
5%
NOI
$280,000
Tenancy
Single
Building Height
1 Story
Zoning
PDD - Planned Development District
Amenities
- Signage
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1G2817-0001-00100-0-00 | Improvements Assessment | $0 |
| Land Assessment | $409,500 | Total Assessment | $409,500 |
Property Taxes
Parcel Number
1G2817-0001-00100-0-00
Land Assessment
$409,500
Improvements Assessment
$0
Total Assessment
$409,500
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Portillo's | IH-35
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