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1031 US Highway 181 6,082 SF of Retail Space Available in Portland, TX 78374
Highlights
- Highway 181 Frontage
- 40,000+ Cars Per Day
- Solid Construction
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 6,082 SF | 14’ - 18’ | Negotiable | $23.47 /SF/YR $1.96 /SF/MO $142,745 /YR $11,895 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Space is in Excellent Condition
- Central Air and Heating
- Partitioned Offices
- Fully Carpeted
- Security System
- High Ceilings
- After Hours HVAC Available
- Automatic Blinds
- Finished Ceilings: 14’ - 18’
- Drive Thru
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 1031 US Highway 181, Portland, TX 78374
- Tenant
- Description
- US Locations
- Reach
- Wells Fargo
- Bank
- 11,319
- International
| Tenant | Description | US Locations | Reach |
| Wells Fargo | Bank | 11,319 | International |
Property Facts
| Total Space Available | 6,082 SF | Gross Leasable Area | 6,082 SF |
| Property Type | Retail | Year Built | 1974 |
| Property Subtype | Bank | Parking Ratio | 5.26/1,000 SF |
| Total Space Available | 6,082 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 6,082 SF |
| Year Built | 1974 |
| Parking Ratio | 5.26/1,000 SF |
About the Property
Prime opportunity to lease a high-visibility former Wells Fargo freestanding bank building along heavily traveled U.S. Highway 181 in Portland, Texas, featuring approximately 1.09 acres with about 186 feet of frontage and expansive paved parking fields in both the front and rear of the property, a solid concrete two-story structure with roll-down storm shutters for added hurricane protection, and a functional, flexible layout ideal for financial, professional, or general office/retail users, highlighted by a dramatic grand lobby with soaring ceilings and floor-to-ceiling glass, existing teller line, and secure vault area that can be repurposed for storage or specialty uses; the first floor offers roughly five to six private offices, a large open lobby/work area, storage room, one restroom, and a covered drive-through component with three drive-through lanes and one dedicated ATM lane providing excellent on-site circulation and customer convenience, while the second floor provides two conference rooms, approximately four additional offices, a mechanical room, dedicated network/server room, break area, two restrooms, and multiple storage areas that create an efficient blend of private and collaborative space well suited for office or call-center style operations; positioned between established retail and service users along the corridor and benefiting from strong traffic counts of more than 40,000 vehicles per day on U.S. 181, the property delivers exceptional exposure, signage potential, ample parking, and a ready-made bank/office configuration that can be adapted to a wide range of commercial tenants seeking a prominent Highway 181 presence, with ownership open to considering sale in addition to lease proposals.
- Drive Thru
Nearby Major Retailers
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1031 US Highway 181
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