NNN Drive-Thru Restaurant
For Sale
Contact for pricing
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 Size6,250 SF
Lot Size2.18 Acres
Price / SF$945.44
Days on Market90
Property Features for 12221 Montana Avenue
General Information
Standard status
Active
Size
6,250 SF
Class
A
Total Parking Spaces
79
Lot size
2.18 Acres
Property subtype
Retail
Zoning
C4 (Regional Commercial District)
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$325,000
Additional Details
Traffic Count
100,000 vehicles/day
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Pegasus Investments
(310) 969-1135
Listed By:
David Chasin · License #CA 01513027
Source:
Crexi
Added: Jun 3
Changed: Aug 17
Last Checked: Aug 26 at 10:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pegasus Investments
Investment Insights
Based on property information with market context.
Newly constructed Portillo’s drive-thru restaurant offered for sale on an absolute, 100% triple-net (NNN) basis. The freestanding building is approximately 6,250 SF and sits on a ±2.18-acre parcel, with a double-drive lane and nearly 80 exclusive parking spaces. The lease is with the corporate entity of Portillo’s Inc. (NASDAQ: PTLO) and was constructed ground up by Portillo’s, delivered in 2026. The initial term is structured as a new 10-year lease with 10% rental increases every five years and four (4) 5-year extension options, providing a long-term tenant structure under an absolute net lease framework.
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.
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.
Property Analytics
Property Profile
Current Use
Lease Details
100,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
378k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Dining 24%
Shops & Services 21%
Home Improvements & Furnishings 10%
Walmart
Superstores
147,511 visits/mo
0.2 miles
Chick-fil-A
Dining
38,674 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
38,526 visits/mo
0.2 miles
Dollar Tree
Shops & Services
29,003 visits/mo
0.2 miles
Murphy USA
Shops & Services
21,856 visits/mo
0.2 miles
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
Median Home Value
Market
Vacancy Rate% for Retail in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Newly constructed Portillo’s drive-thru is offered on an absolute triple-net lease with long-term extension options.
Where is this drive through restaurant located?
The property is located at 12221 Montana Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $5,909,000.
What are key features of this property?
This property features: 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.
