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.