3102 S Highway 161 - Restaurant FOR SALE


Grand Prairie, TX 75052
$5,525,000 USD
972-860-9920
3102 S Highway 161, Grand Prairie, TX for Sale
$5,525,000 USD
Restaurant - FOR SALE
1/4
null | 5.25% Cap Rate

3102 S Highway 161
Grand Prairie, TX 75052


HIGHLIGHTS

  • Located along President George Bush Turnpike with traffic counts exceeding 74,000 vehicles per day.
  • Absolute NNN ground lease structure provides zero landlord responsibilities.
  • Portillo’s Restaurant Group credit-backed lease with 10-year initial term and four 5-year options.
  • Adjacent to a 330,000 SF power center featuring strong national retailers for cross-shopping synergy.
  • Positioned in a high-growth area of Dallas-Fort Worth with strong demographics and no state income tax.
  • Significant rent escalations every five years enhance income growth potential.

OVERVIEW

9 Years Remaining on Absolute NNN Ground Lease – Zero landlord responsibilities Hands-Off Investment – Management-free in a state with no state income tax Adjacent to Epic West Towne Crossing (a 330k SF Power Center) which features national retail anchors such as Burlington, PetSmart, Ross Dress for Less, HomeGoods and many others — helping create strong cross-shopping synergy for a restaurant tenant. Established National Brand – Portillo’s (NASDAQ: PTLO) is a fast-casual leader known for its menu of Chicago-style favorites. Founded in 1963 by Dick Portillo, now 88+ restaurants across 10 states #1 Highest AUV in Category – Reported AUV of $9.1M in 2023, ranking #1 among all quick-service and fast-casual restaurant chains Source: Restaurtaurant Business Online National Recognition – Voted one of the “10 Best Fast Casual Restaurants in the U.S.” by USUSA TA Todaoday Readers’ Choicy Readers’ Choicee (2024)(2024) 5-mile radius of the Epic West location the population is ~266,190 and average household income exceeding ~$100,000

FOR SALE DETAILS

PRICE

$5,525,000 USD

PRICE/SF

$898 USD /SF

CAP RATE

5.25%

% 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

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,828 SF

ZONING

C12

APN/PARCEL ID

28058450B9R1A0000

ASK ABOUT THIS PROPERTY

Adam GottschalkSUMMIT REMore Info
972-860-9920

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Adam GottschalkSUMMIT REMore Info
972-860-9920

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