1581 Us Highway 181 Portland, TX 78359
- Retail properties
- 14,784 SF
Current Use by Public Records
- Retail properties
Property Details for 1581 Us Highway 181
- Property size
- 14,784 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- San Patricio
- State
- Texas
- Longitude
- -97.3152
- Latitude
- 27.8869
