16499 FM 423 - Restaurant FOR SALE
Frisco, TX 75033 |
$6,000,000 USD
949-662-2252
16499 FM 423
Frisco, TX 75033
HIGHLIGHTS
- Absolute NNN Ground Lease — zero landlord responsibilities, tenant pays all expenses.
- 5.00% cap rate on $300,000 NOI; 10% rent bumps every 5 years through options.
- Average household income exceeding $168,000 with ~9% annual population growth.
- Brand new 2026 Portillo's outparcel to H-E-B, adjacent to Walmart Supercenter.
- Portillo's (NASDAQ: PTLO) — 95+ locations, $8.7M average unit volume, corporate guaranty.
- Located at U.S. 380 & FM 423 with 99,000+ vehicles per day in top Dallas market.
FOR SALE DETAILS
PRICE
$6,000,000 USD
PRICE/SF
$960 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Portillo's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
1.78 AC
LAND SF
77,537 SF
ZONING
PD-254
APN/PARCEL ID
R991601
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
949-662-2252
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
949-662-2252
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
