San Marcos Offering H-E-B Incentive Package

It’s good to be in demand. It’s no secret nearly every reasonably sized Texas community would bend over backward to get an H-E-B supermarket. And San Marcos is no exception.

The San Marcos City Council will consider San Antonio-based H-E-B for an incentive agreement that would provide more than $2.2 million in rebates and tax breaks for it to open a 100,000-square-foot store on an 18-acre plot at the southeast corner of I-35 and East McCarty Lane.

The project is estimated to require a capital investment of $53 million and create 212 full-time jobs and 238 part-time jobs. H-E-B has owned the land since 2013.

The incentives agreement would require H-E-B to construct a minimum 100,000-square-foot grocery store that would open to the public by Dec. 31, 2026. In return, the city would provide 80% property and sales tax rebates, declining incrementally to 25% over a five-year period.

The post San Marcos Offering H-E-B Incentive Package appeared first on Connect CRE.