Property Highlights
- Rare opportunity to own a trophy Portillo’s with dual drive-thru adjacent to Disney’s Animal Kingdom (14 million annual visitors), Margaritaville Resort Orlando (1,200 vacation homes) and Orange Lake (4,500 timeshare units)
- Irreplaceable real estate in one of Orlando strongest preforming retail trade areas
- Neighboring retailer and restaurant sales are 50% – 100% above state average
- Outparcel to WaterStar Orlando, a new 35 acre mixed-use project anchored by Marshalls, Burlington and 516 luxury apartments
- Oversized 2.29 acre parcel with high intrinsic land value
- Portillo’s is famous for their Chicago-style hot dogs and boasts an average unit volume of $7.9 million, second only to Chick-fil-A in the fast-food/fast-casual categories
- Corporately guaranteed ground lease with no landlord obligations provides completely passive ownership and stable cash flow
- Fixed 10% rent increases provide hedge against inflation
- E-commerce and recession resistant business model
- Excellent underlying real estate fundamentals with easy access and clear visibility to 56,500 cars per day
- Florida has no state income tax and saw a net migration of 345,000 residents between April 2020 and April 2021