Portillo’s Schertz, TX

18678 I-35 N
Schertz, TX

Price: $5,600,000
Cap Rate: 5.00%
NOI: $280,000
Building Size: Approx. 6,750 Sq. Ft.
Lot Size: Approx. 1.95 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2026

Investment Overview

  • 2026 Construction. 6,750+/- SF Building. 1.95+/- Acre Site
  • 15-Year Absolute NNN Ground Lease w/ 10% Rent Increases Every 5 Years in Primary Term & (6) 5-Year Renewal Options
  • Signalized Freeway Interchange Positioned at Intersection of IH-35 (155k+ VPD) and Cibolo Valley Drive (20k+ VPD)
  • Located Within 72-AC Schertz Station Retail Development – 257,000+ SF Mixed-Use Center Anchored by EVO Entertainment (~100k SF)
  • Surrounded by Demand Drivers – SCUCISD (15k+ Students), Randolph Air Force Base (11k Personnel), UTSA (38k+ Students), SA Airport (11M+ Passengers/Yr)
  • Publicly Traded National Tenant- Portillo’s (NASDAQ: PTLO) has Approx. $732M in FY25 Revenue Across 98 Locations, Including 16 Texas Locations
  • Schertz | Fast-Growing Submarket Within the San Antonio MSA | 33% Pop. Growth in Past Decade | Population: 45,566+

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