Restaurant
Portillo's Ground Lease with Drive-Thru | (NASDAQ: PTLO)
3300 S Cicero Ave, Cicero (Chicago MSA), IL 60804
Listing Price: $6,450,000
Tenant Name
Portillo's
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
7,796
Lease Type
NNN Ground Lease
Investment Overview
Marcus & Millichap is pleased to present the Portillo's Ground Lease s in Cicero (Chicago MSA), IL.
Portillo's Ground Lease with Drive-Thru | (NASDAQ: PTLO)
Investment Highlights
- 12-Year Absolute NNN Ground Lease, Rental Increases in the Base Term and Options
- Corporate Guaranty (NASDAQ: PTLO) with 72+ Locations in 9 States
- Average Unit Sales for Portillo's is Approximately $8.5 Million, the Highest in the Fast-Casual Industry
- Chicagoland Locations Average Annual Sales Just Shy of $10 Million
- Brand New High-Quality Construction, Latest Prototype with Double Drive-Thru
- Trophy Location on Oversized 2.8+ Acre Parcel with High Intrinsic Land Value
- Urban Infill Chicago Suburb, Over 818,000 Residents within a 5-Mile Radius
- Hard Corner Location at Signalized Intersection, Highly Visible Along Major North/South Artery with 38,300 Cars/Day
Restaurant
Portillo's Ground Lease with Drive-Thru | (NASDAQ: PTLO)
Listing Price: $6,450,000
Tenant Name
Portillo's
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
7,796
Lease Type
NNN Ground Lease
Investment Highlights
- 12-Year Absolute NNN Ground Lease, Rental Increases in the Base Term and Options
- Corporate Guaranty (NASDAQ: PTLO) with 72+ Locations in 9 States
- Average Unit Sales for Portillo's is Approximately $8.5 Million, the Highest in the Fast-Casual Industry
- Chicagoland Locations Average Annual Sales Just Shy of $10 Million
- Brand New High-Quality Construction, Latest Prototype with Double Drive-Thru
- Trophy Location on Oversized 2.8+ Acre Parcel with High Intrinsic Land Value
- Urban Infill Chicago Suburb, Over 818,000 Residents within a 5-Mile Radius
- Hard Corner Location at Signalized Intersection, Highly Visible Along Major North/South Artery with 38,300 Cars/Day
Investment Overview
Marcus & Millichap is pleased to present the Portillo's Ground Lease s in Cicero (Chicago MSA), IL.
