Marcus & Millichap Facilitates Sale of Net-Leased Portillo's Restaurant Property in Houston

Reuters
31 Jul
Marcus & Millichap Facilitates Sale of Net-Leased Portillo's Restaurant Property in Houston

Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully arranged the sale of a net-leased Portillo's restaurant property in Houston, Texas. Announced on July 30, 2025, this transaction highlights Portillo's expansion into Texas, which is becoming its largest market outside of Illinois. The newly built 6,166-square-foot restaurant, located at 7455 Cypress Creek Parkway, is strategically positioned across from the Commons at Willowbrook and near Willowbrook Mall. The property is secured by a 10-year absolute triple-net ground lease, making it a promising long-term investment. Marcus & Millichap's Phoenix office, led by Zack House, Mark Ruble, and Chris Lind, marketed the property on behalf of the seller, a Texas limited liability company, with Tim Speck as the firm's broker of record in Texas.

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