1006-1018 Us Highway 181 Portland, TX 78374
This Portland, Texas retail property, located at 1006-1018 US Hwy 181 W, offers 4,025 square feet of vacant space within a larger 67,903 square foot building. The property boasts excellent highway frontage and visibility on US Highway 181, with approximately 48,000 vehicles passing daily (based on 2012 TXDOT data). It's a multi-tenant building with strong anchor tenants including O'Reilly Auto Parts and Rock's Gym. The location benefits from high traffic counts and proximity to other established retailers and restaurants such as CVS Pharmacy, Walmart Supercenter, Chick-fil-A, H-E-B, Freddy's Frozen Custard & Steakburgers, Big Lots, McAlister's Deli, Denny's, and a soon-to-open Target. The available space is 4,025 square feet and will be available for occupancy in October 2024. The lease is a NNN (Net, Net, Net) structure with a rate of $3.50 per square foot. This property presents a compelling opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail corridor. The property is situated at the intersection of US Highway 181 and Wildcat Drive in Portland, Texas, zip code 78374.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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