1820 US Highway 181 - Restaurant FOR SALE


Portland, TX 78374- Northshore
$3,625,000 USD
503-200-2047
1820 US Highway 181, Portland, TX for Sale
$3,625,000 USD
Restaurant - FOR SALE
1/5
null | 6.01% Cap Rate

1820 US Highway 181
Portland, TX 78374
Northshore


HIGHLIGHTS

  • 9+ Years Reamining on an Absolute NNN Lease - No Landlord Responsibilities
  • Attractive 1.50% Annual Rent Increase
  • Second Largest Applebee's Franchisee with 129 Locations across 14 States

OVERVIEW

Marcus & Millichap is pleased to present an Applebee's in Portland, Texas, 10 miles east of Corpus Christi. This 5,400 square foot property was built in 2014 and sits on 1.136 acres. There are 9+ years remaining on an absolute NNN lease with attractive 1.50% annual rent increases and four , 5-year renewal options. Applebee's is strategically located along US Highway 181, the main arterial that runs through Portland with 38,000+ cars per day. The subject property is an outparcel to a 24-hour Walmart Supercenter & Academy Sports. In April of 2026 Walmart announced plans for a $5.24 Million renovation and expansion of their 160,000 square foot facility. The property is located across the street from 5 Hotels, Hampton Inn, Staybridge Suites, Best Western, Comfort Inn, and Days Inn. The trade area is supported by a population of 24,000 with an average household income of $120,000.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$671 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

CR

APN/PARCEL ID

78447

ASK ABOUT THIS PROPERTY

Brendan PowellMarcus & MillichapMore Info
503-200-2047

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Brendan PowellMarcus & MillichapMore Info
503-200-2047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.