7511 FM 1960 Rd W - Restaurant FOR SALE


Houston, TX 77070- Willowbrook
$4,948,000 USD
602-687-6650
7511 FM 1960 Rd W, Houston, TX for Sale
$4,948,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

7511 FM 1960 Rd W
Houston, TX 77070
Willowbrook


HIGHLIGHTS

  • Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years
  • 309,958 Residents within a Five-Mile Radius
  • Anchored to the Willowbrook Mall that holds National Tenants such as: Old Navy, Nordstrom Rack, Macy's, Chick-Fil-A, Sephora, H&M, and more
  • Excellent Visibility and Location Cypress Creek Pkwy (54,999 CPD)

OVERVIEW

Portillo's (NASDAQ: PTLO) is a fast-casual restaurant concept known for its menu of iconic Chicago-style street food. Portillo's serves customers through high-energy, multichannel restaurants designed to ignite the senses and create a memorable dining experience. As the fifth-most populous metro area in the United States, Houston houses more than 7.4 million people in southeastern Texas. Roughly one-third of residents live in the city of Houston. Local population counts also exceed 100,000 residents in Pasadena, Pearland, The Woodlands, Sugar Land and League City. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller.

FOR SALE DETAILS

PRICE

$4,948,000 USD

PRICE/SF

$644 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portillo's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

None

APN/PARCEL ID

1157820010014

ASK ABOUT THIS PROPERTY

Zack HouseMarcus & MillichapMore Info
602-687-6650

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Zack HouseMarcus & MillichapMore Info
602-687-6650

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