1581 Us Highway 181 Portland, TX 78359
This exceptional 14,784 square foot retail center is situated at 1581 US Highway 181 in Portland, Texas, within San Patricio County (zip code 78359). The property boasts a highly desirable location along Highway 181 at Lang Drive, directly adjacent to an HEB Grocery store, ensuring high visibility and foot traffic. Currently, the center is anchored by a diverse mix of established tenants including Jersey Mike's, Buffalo Wild Wings Go, Sun Loan, and Vaani Dental. Each tenant operates under a triple net (NNN) lease, with tenants responsible for their pro-rata share of common area maintenance, estimated at $8.00 per square foot annually. This expense is added to the base rent and is subject to annual adjustments. The property is offered as a whole, however, the landlord is open to considering subdivision options to accommodate potential buyers interested in smaller portions of the center. This presents a unique opportunity for investors seeking a stable, income-producing asset in a thriving Texas market. The property's strategic location and strong tenant occupancy make it an attractive investment prospect with significant potential for long-term growth and return. This brand new center offers a rare chance to acquire a high-quality retail property in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.