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16499 FM 423, Frisco, TX, 75034

Portillo’s
$6,000,000

Key Information

Cap Rate
5%
Tot. SF
6,250
Year Built
2026
Term Remaining
±10 Yrs
Type
Retail
NOI
$300,000

Highlights

Brand New – Grand Opening April 21st, 2026!

  • Affluent Trade Area: The surrounding community boasts an average household income exceeding $168,000, underscoring strong consumer purchasing power.
  • Exceptional Demographic Growth: The area has experienced approximately 9% annual population growth since 2020-ranking among the highest growth rates nationally.
  • Premier Intersection Location: Strategically positioned at the intersection of U.S. Highway 380 (a major east-west arterial) and FM 423 (a key north-south thoroughfare), providing high visibility and accessibility.
  • Recent Infrastructure Enhancements: Highway 380 has been recently expanded, including the addition of a newly constructed flyover to support increasing traffic volumes and improve intersection efficiency.

Kevin Puder & Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)

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Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204