111 FM 1960 Byp E - Restaurant FOR SALE


Humble, TX 77338- Lake Houston
$6,560,000 USD
602-687-6766
111 FM 1960 Byp E, Humble, TX for Sale
$6,560,000 USD
Restaurant - FOR SALE
1/6
null | 5% Cap Rate

111 FM 1960 Byp E
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,560,000 USD

PRICE/SF

$763 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portillo's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

-

APN/PARCEL ID

0410510020249,0410510020250

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.