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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1581 Us Highway 181 Portland, TX 78359

14,784 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 14,784 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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