Property summary
This exceptional investment opportunity presents a single-tenant, 7,800 square-foot Portillo's restaurant on a substantial 2.9-acre lot in Gilbert, Arizona. Built in 2023, this property boasts a strong financial profile with an absolute triple-net (NNN) ground lease featuring a corporate guarantee and 8.4 years remaining, extending to March 31, 2033, with four or five-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The current… annual rent is $150,000, generating a net operating income (NOI) of $150,000, resulting in a 4.40% cap rate at the asking price of $3,410,000. This prime location at 2650 S Market St, Gilbert, AZ 85295, benefits from exceptional demographics, including a total population of approximately 124,339 and an average household income of $158,076 within a 3-mile radius. The property enjoys high visibility and significant consumer traffic due to its proximity to major retail centers such as San Tan Village Marketplace, San Tan Village, and San Tan Pavilions, as well as the Dignity Health Mercy Gilbert Medical Center. This is a rare opportunity to acquire a well-performing, established restaurant ground lease with significant long-term growth potential. The property's location and tenant strength make it an attractive addition to any investment portfolio.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,800 SF
- Lot area
- 2.9 ac
- Year built
- 2023
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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