Skip to main content

Grocery Store

HEB | CORPORATE LEASE WITH H-E-B, LP

100 Truly Plaza, Cleveland, TX 77327

Listing Price: $4,540,000

Cap Rate
7.50%
Tenant Name
H-E-B
Years Remaining On Lease
4.1
Gross SF
36,019
Guarantor
Corporate Guarantee
Rentable SF
36,019
Price/Gross SF
$126.04
Lease Type
Absolute Net
Rent Per Square Feet
$9.45

Investment Overview

The subject property is an absolute NNN leased H-E-B located in Cleveland, Texas. The property is situated near the on/off ramp of I-69, which is part of a longer I-69 extension known as the NAFTA superhighway,
that, when completed, will connect Canada to Mexico.

Investment Highlights

  • Corporate NNN Lease with H-E-B, LP
  • Potential Upside - No Option Terms Remaining
  • Lease includes Percentage Rent Clause
  • Store Sales Increased Last 5 Years
  • Tenant has been at this location since 1983

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Vice President Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Grocery Store

HEB | CORPORATE LEASE WITH H-E-B, LP

Listing Price: $4,540,000

Cap Rate
7.50%
Tenant Name
H-E-B
Years Remaining On Lease
4.1
Gross SF
36,019
Guarantor
Corporate Guarantee
Rentable SF
36,019
Price/Gross SF
$126.04
Lease Type
Absolute Net
Rent Per Square Feet
$9.45

Investment Highlights

  • Corporate NNN Lease with H-E-B, LP
  • Potential Upside - No Option Terms Remaining
  • Lease includes Percentage Rent Clause
  • Store Sales Increased Last 5 Years
  • Tenant has been at this location since 1983

Investment Overview

The subject property is an absolute NNN leased H-E-B located in Cleveland, Texas. The property is situated near the on/off ramp of I-69, which is part of a longer I-69 extension known as the NAFTA superhighway, that, when completed, will connect Canada to Mexico.

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Vice President Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower