12221 Montana Avenue El Paso, TX 79938
Newly constructed Portillo’s drive-thru is offered on an absolute triple-net lease with long-term extension options.
Property Features for 12221 Montana Avenue
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Lot size
- 2.18 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing office Pegasus Investments (310) 969-1135
Listing date Jun 3, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The property is located within Montana Commons, a brand new fully leased six-pad development co-tenanted by QuikTrip, Olive Garden, Panda Express, LongHorn Steakhouse, and Mister Car Wash. It is positioned directly across from a high-performing Walmart Supercenter and a Lowe’s Home Improvement Store in East El Paso.
This offering is suited for investors seeking a net-leased, brand-backed drive-thru restaurant with dedicated parking and a long-dated lease structure. Portillo’s is a publicly traded, non-franchised fast-casual operator, and this El Paso location represents the brand’s first market entry.
Key Highlights
- Newly constructed 2026 Portillo’s drive‑thru on an absolute triple‑net (NNN) lease to the corporate tenant, Portillo’s Inc. (NASDAQ: PTLO).
- 10‑year lease delivered in 2026 with 10% rental increases every five years plus four (4) 5‑year extension options.
- ±6,250 SF freestanding restaurant with a double‑drive lane and nearly 80 exclusive parking spaces on a ±2.18‑acre parcel.
