CORPORATE GUARANTY - The lease is 100% backed by the credit of U.S. Renal Care, Inc., which is the third-largest US dialysis services company.
ABSOLUTE NNN LEASE W/ RENTAL ESCALATIONS - U.S. Renal Care is operating under a recently renewed ten (10) year lease, with just under nine (8.9) years of lease term remaining.
LOCAL OPERATING PARTNER - U.S. Renal Care has partnered with South Texas Renal Care Group in the San Antonio market.
INCOME TAX-FREE STATE - The State of Texas is one of only seven states that have no personal income tax as of 2020. According to the Tax Foundation, its overall state and local tax burden ranked 46th among all states.
DENSE MEDICAL CORRIDOR - The Property is adjacent to one of the densest medical corridors of the San Antonio area, which includes the Texas Vista Medical Center, a 325-bed acute care Hospital.
GROWING INDUSTRY – There are over 786,000 ESRD dialysis patients in the United States which has grown at an annual compound rate of approximately 6% over the last fifteen years, including approximately 125,000 newly reported cases of end-stage kidney disease in 2021.
INSULATED FROM MACROECONOMIC CHANGES – Approximately 78% of ESRD patients were covered under some form of government-based programs in 2014, which means that the company’s profitability is primarily insulated from the ups and downs experienced in the broader economy.