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INVESTMENT HIGHLIGHTS
Rare Absolute NNN Dialysis Lease – The lease is free from any Landlord obligations including any requirement to repair, replace, or maintain any portion of the Property
No Early Termination or Kick-Out Clause – Free from early termination options or early kick-out clauses during the initial and any exercised option terms
Growing Operator – Sanderling is a technology focused growing operator in the kidney care space that just received additional investment from Pharos Capital Partners as it seeks to grow its in-center and home-based dialysis business beyond the 14 clinics in six states it currently operates
Growing Industry – 562,000 ESRD Patients
Insulated from Macroeconomic Changes – +/-90% of dialysis patients covered under government program
Long-Term Lease – The lease has more than seven (7) years of initial lease term remaining with three (3), five (5) year renewal options
Rent Growth – The lease provides for 2.25% annual rental increases throughout the initial and option terms
High-Income Area – The Property is located in an affluent and high-income area of Tehachapi with 21,000 in population in the five-mile radius earning an average HHI in excess of $91,000 annually
