460 State Highway 114Grapevine, TX 76051

This exceptional investment opportunity presents a brand-new, single-tenant Portillo's (NASDAQ: PTLO) restaurant in Grapevine, Texas. Boasting a 10.5-year absolute NNN ground lease with zero landlord responsibilities, this property offers a management-free investment in a state with no state income tax. The 6,250 square foot building, constructed in 2024, sits on a 1.8-acre lot and is one of Portillo's innovative "Restaurant of the Future" designs. Portillo's, renowned for its Chicago-style menu, achieved a remarkable $9.1 million AUV in 2023, ranking highest among quick-service and fast-casual chains. The property enjoys a prime location on Hwy 114, a major thoroughfare with over 205,000 vehicles daily, benefiting from strong tenant synergy with nearby national retailers like Target, Walmart, and Sam's Club. Its proximity to DFW Airport, Gaylord Texan, and numerous hotels ensures high traffic and visibility. The affluent demographic within a 5-mile radius, boasting over 125,744 residents with average household incomes exceeding $162,000, further enhances the investment's potential. The lease includes four 5-year options with 10% rent bumps every five years, starting January 6th, 2025, and expiring July 31st, 2035. The current NOI is $325,000, representing a 4.80% cap rate on the $6,770,000 asking price. This is a truly exceptional opportunity to acquire a high-performing asset in a thriving market.