Applebee's Restaurant
New
For Sale
$3,625,000
1820 US-181, Portland, TX 78374
The restaurant is subject to an absolute NNN lease with 9+ years remaining and four 5-year renewal options.
Property Size5,400 SF
Lot Size1.14 Acres
Price / SF$671.30
Days on Market4
Property Features for 1820 US-181
General Information
Standard status
Active
Size
5,400 SF
Lot size
1.14 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Site & Location
Traffic Count
38,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
6.01%
Amenities
9+ Years Remaining on an Absolute NNN Lease - No Landlord Responsibilities
Attractive 1.50% Annual Rent Increases
Second Largest Applebee's Franchisee with 129 Locations across 14 States
Outparcel to a 24-hour Walmart Supercenter and Academy Sports Anchored Regional Power Center
Located along US Highway 181 - 48,000 Cars/Day
Average Household Income of $120,000
Income Tax Free State
Building Details
Building Size
5,400 SF
Year Built
2014
Listing Agency:
(425) 753-1169
Listed By:
Brendan Powell · License #License(s): OR: 201002133
(425) 753-1169
Source:
Marcusmillichap
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 2:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brendan Powell
Investment Insights
Based on property information with market context.
This Applebee's restaurant property contains 5,400 square feet on 1.136 acres and was constructed in 2014. The asset is leased on an absolute NNN basis, with 9+ years remaining, 1.50% annual rent increases, and four 5-year renewal options. The reported cap rate is 6.01%.
Located at 1820 US-181 in Portland, the property fronts the area's primary arterial, which carries more than 38,000 cars per day. It is positioned as an outparcel to a 24-hour Walmart Supercenter and Academy Sports. Five hotels—including Hampton Inn, Staybridge Suites, Best Western, Comfort Inn, and Days Inn—are located across the street.
Located at 1820 US-181 in Portland, the property fronts the area's primary arterial, which carries more than 38,000 cars per day. It is positioned as an outparcel to a 24-hour Walmart Supercenter and Academy Sports. Five hotels—including Hampton Inn, Staybridge Suites, Best Western, Comfort Inn, and Days Inn—are located across the street.
Key Highlights
- 5,400‑square‑foot restaurant property built in 2014
- Situated on 1.136 acres along US‑181
- Absolute NNN lease with 9+ years remaining
Property Analytics
Current Use
Lease Details
38,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
356k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 28%
Groceries 17%
Apparel 2%
H-E-B
Groceries
53,757 visits/mo
0.3 miles
Chick-fil-A
Dining
31,531 visits/mo
0.2 miles
Whataburger
Dining
24,420 visits/mo
0.3 miles
McDonald's
Dining
23,996 visits/mo
0.2 miles
SONIC Drive In
Dining
19,057 visits/mo
0.3 miles
Demographics for 78374, TX
20,281
Population
8,426
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,090
Density / Sq Mi
$81,580
Median Household Income
$43,110
Median Earnings
$1,492
Median Rent
$225,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant is subject to an absolute NNN lease with 9+ years remaining and four 5-year renewal options.
Where is this conventional restaurant located?
The property is located at 1820 US-181 Portland, TX.
What is the asking price?
The asking price for this property is $3,625,000.
What are key features of this property?
This property features: 5,400‑square‑foot restaurant property built in 2014; Situated on 1.136 acres along US‑181; Absolute NNN lease with 9+ years remaining
