Grocery Store
H-E-B
246 Valley Hi Dr, San Antonio, TX 78227
Listing Price: $1,100,000
Investment Overview
Marcus & Millichap is pleased to present a San Antonio absolute NNN Ground Lease H-E-B opportunity on the high traffic corridor of Valley Hi Drive in the City of San Antonio, Texas. 246 Valley Hi Drive presents investors with a 30-Year initial term absolute NNN Ground Lease guaranteed by River Place Realty Company, an H-E-B subsidiary. The property has over 22 years remaining in their initial term with favorable increases every five years throughout the term and options. The site benefits from its signalized hard corner location off Highway 410 that sees over 59,900 cars per day and Valley Hi Drive and Cedarhurst Intersection that sees over 22,000 cars per day on the substantial retail corridor and as an outparcel to a H-E-B grocery anchored center. The site is located next to Lackland Airforce Base that houses 24,000 Active Duty Members, 10,000 Department of Defense Civilians, and 11,000 Contractors and their Families. The location benefits from a captive population of over 197,081 people and average household income of over $54,767 in a five-mile radius. Situated on a outparcel to a shopping center anchored by essential uses such as H-E-B, Dollar Tree, and Gold’s Gym. Other surrounding tenants include McDonalds, Burger King, Taco Bell, Church’s Chicken, O’Reilly Auto Parts, and AutoZone.
Investment Highlights
- Over 22 Years Remaining on Absolute NNN Ground Lease with Zero Landlord Responsibilities
- Attractive 11.38 Percent Increase in 2025 and 7.5 Percent Every Five Years Throughout the Rest of the Initial Term and Options – Healthy Hedge Against Inflation
- Strong H-E-B Corporate Guarantee
- High Barrier to Entry Market in a Prominent Retail Corridor – Large National Credit/Tenant Presence
- Excellent Visibility on Valley Hi Drive with Ideal Access, Drive-Thru use in a Highly Travelled to H-E-B Grocery Anchored Shopping Center in San Antonio, Texas
- Nearby Lackland Airforce Base that Houses 24,000 Active Duty Members, 10,000 Department of Defense Civilians, and 11,000 Contractors and their Families
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,100,000
Investment Highlights
- Over 22 Years Remaining on Absolute NNN Ground Lease with Zero Landlord Responsibilities
- Attractive 11.38 Percent Increase in 2025 and 7.5 Percent Every Five Years Throughout the Rest of the Initial Term and Options – Healthy Hedge Against Inflation
- Strong H-E-B Corporate Guarantee
- High Barrier to Entry Market in a Prominent Retail Corridor – Large National Credit/Tenant Presence
- Excellent Visibility on Valley Hi Drive with Ideal Access, Drive-Thru use in a Highly Travelled to H-E-B Grocery Anchored Shopping Center in San Antonio, Texas
- Nearby Lackland Airforce Base that Houses 24,000 Active Duty Members, 10,000 Department of Defense Civilians, and 11,000 Contractors and their Families
Investment Overview
Marcus & Millichap is pleased to present a San Antonio absolute NNN Ground Lease H-E-B opportunity on the high traffic corridor of Valley Hi Drive in the City of San Antonio, Texas. 246 Valley Hi Drive presents investors with a 30-Year initial term absolute NNN Ground Lease guaranteed by River Place Realty Company, an H-E-B subsidiary. The property has over 22 years remaining in their initial term with favorable increases every five years throughout the term and options. The site benefits from its signalized hard corner location off Highway 410 that sees over 59,900 cars per day and Valley Hi Drive and Cedarhurst Intersection that sees over 22,000 cars per day on the substantial retail corridor and as an outparcel to a H-E-B grocery anchored center. The site is located next to Lackland Airforce Base that houses 24,000 Active Duty Members, 10,000 Department of Defense Civilians, and 11,000 Contractors and their Families. The location benefits from a captive population of over 197,081 people and average household income of over $54,767 in a five-mile radius. Situated on a outparcel to a shopping center anchored by essential uses such as H-E-B, Dollar Tree, and Gold’s Gym. Other surrounding tenants include McDonalds, Burger King, Taco Bell, Church’s Chicken, O’Reilly Auto Parts, and AutoZone.
Exclusively Listed By
Broker of Record
Financing By

