Description

JLL has been exclusively retained to offer the opportunity to acquire The Shops at Babcock, a newly constructed, Class A H-E-B-anchored shopping center located in the strong North San Antonio submarket along Loop 1604. Anchor tenant H-E-B is the largest grocer in Texas by revenue, operating hundreds of locations statewide and serving as a dominant force in the Texas grocery market with its headquarters in San Antonio. The H-E-B is situated on a ground lease with 30 years of primary term and 14, 5-year extension options, and investors benefit from approximately $17.5 million in depreciable contribution. Situated in one of San Antonio's most dynamic and quickly expanding retail corridors, The Shops at Babcock is strategically positioned to capitalize on strong demographic growth, new residential development, and proximity to The University of Texas at San Antonio with over 42,000 students, faculty, and staff.

Featuring two free-standing, national credit, ground leased pad sites alongside a diverse mix of credit and national tenancy through 37,131 SF of neighborhood shop space, the Property delivers investors a compelling blend of core grocery-anchored returns and long-term income stability. With new construction leases beginning and 98.7% occupancy, The Shops at Babcock presents investors with secure, stabilized cash flow within one of Texas's most sought-after suburban growth corridors.

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