12221 Montana Ave - Restaurant FOR SALE


El Paso, TX 79938
$5,909,000 USD
310-691-1350
12221 Montana Ave, El Paso, TX for Sale
$5,909,000 USD
Restaurant - FOR SALE
1/8
null | 5.5% Cap Rate

12221 Montana Ave
El Paso, TX 79938


HIGHLIGHTS

  • Corporate Portillo’s Lease Publicly Traded on NASDAQ (PTLO)
  • Brand-New 2026 Construction 10-Year Absolute NNN Corporate Lease
  • Portillo’s $8.3M AUV’s Lead National Casual Dining Sector
  • Dominant Retail Corridor Anchored by a Top 1% Walmart Supercenter
  • The Montana Expressway: $400m Transformation at the Property’s Front Door
  • Fort Bliss: A $27.9B Economic Engine Powering the Region

OVERVIEW

Pegasus Investments Real Estate Advisory Inc.?, in conjunction with ParaSell Inc.?, as exclusive representatives for the Seller, are pleased to present the opportunity to acquire a newly constructed, 100% absolute triple net (NNN) Portillo’s drive-thru restaurant located in El Paso, Texas (the “Property”).? The Property is leased to the corporate entity of Portillo’s Inc.? (NASDAQ: PTLO), a publicly traded, non-franchised fast-casual operator with over 100 locations and approximately $732 million in annual revenue.? The building was constructed ground up by Portillo’s and delivered in 2026 with a new 10-year lease featuring 10% rental increases every five years and four (4) 5-year extension options.? The absolute net lease structure provides investors with a passive, durable, long-term cash flow at an attractive basis backed by a growing public company.? Portillo’s is one of the most recognizable and high-performing fast-casual brands in the country, generating average unit volumes of approximately $8.3 million, among the highest in the segment and nearly triple the AUV of a typical McDonald’s location.? The brand’s menu of Chicago-style hot dogs, Italian beef sandwiches, char-grilled burgers, and its legendary chocolate cake commands intense consumer loyalty and drives destination traffic well beyond each location’s immediate trade area.? This El Paso restaurant marks Portillo’s first entry into the market, a meaningful milestone that reflects the brand’s long-term conviction in a city that surpassed one million residents in 2025.? The Property is improved with a ±6,250 SF freestanding restaurant with a double-drive lane and nearly 80 exclusive parking spaces on a ±2.18-acre parcel within Montana Commons.? Montana Commons is a brand new fully leased six-pad development site co-tenanted by leading national operators including QuikTrip, Olive Garden, Panda Express, LongHorn Steakhouse, and Mister Car Wash.? The Property is located directly across from one of the highest-performing Walmart Supercenters in the country (top 1% nationally, per Placer.?ai) and a Lowe’s Home Improvement Store.? The corridor’s strength is further validated by the co-tenants which have acquired their real estate at Montana Commons — QuikTrip, Mister Car Wash, and Panda Express have each acquired their respective parcels at fair-market pricing, demonstrating long-term commitment to the location.? The Property is located in East El Paso, with average household incomes exceeding $93,000 within a 3-mile radius and a trade area population approaching 200,000 residents, making it the largest and fastest growing submarket in the MSA.? The long-term trajectory of this investment is further reinforced by TxDOT’s nearly $400 million Montana Expressway, expected to carry over 100,000 VPD upon completion in 2027, and Fort Bliss, which generates a $28 billion annual economic impact.? Fort Bliss, located immediately adjacent to the Property, supports 127,000 jobs and in March 2026 was selected as the site of a Carlyle Group hyperscale AI data center projected to bring an additional 2,000 jobs and billions in private investment to the region.? Finally, El Paso’s ports of entry support nearly $100 billion in trade annually and the MSA surpassed one million residents in 2025, roughly half of the 2.0 million residents in Ciudad Juarez, which collectively provide a meaningful and dense population base.?

FOR SALE DETAILS

PRICE

$5,909,000 USD

PRICE/SF

$945 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abs. NNN Leased Portillo’s Double Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

C4

APN/PARCEL ID

M626-999-0010-0100

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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