Zack Hilgendorf’s Post

View profile for Zack Hilgendorf

SVP, Capital Markets at Atlantic Retail

Portillo's has been growing like crazy with 12 new stores in 2023, its biggest development year yet. We are pleased to bring to market the 6th Florida location in the highly affluent Clermont (Orlando MSA) market.   Why Portillo's? Industry Leading Tenant - Portillo’s reported an AUV of $9.1M in 2023; 4th highest AUV of all restaurant chains in the country. Extremely Low-Risk Investment Opportunity - Portillo’s has never closed a restaurant since opening their first location in 1963. The average build-out of these stores costs anywhere from $6.2M - $7M per store. Continued Top-Line Financial Growth - In 2023, total sales increased 15.8% to $680M. Same-restaurant sales lifted 5.7%, and AUV’s reached $9.1M per store. Operating cash flow grew 24.4% to a record level. #netlease #floridarealestate #qreadvisors

1251 E Hwy 50, Clermont, FL 34711 | Crexi.com

1251 E Hwy 50, Clermont, FL 34711 | Crexi.com

crexi.com

Jimi Jones

Business Development @ Utility Profit | Real Estate Tech

11mo

Wow they're crushing it

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