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Building Size
7,950 SF
Land Size (Acres)
0.86 AC
Expense Structure
NNN
Year Built
2014
Avg HH Income
$107,332 (3-mile)
INVESTMENT HIGHLIGHTS
FRESH LEASE RENEWAL - U.S. Renal Care just signed a brand-new five (5) year lease with 2% annual rent escalations and two (2), five (5) year renewal options demonstrating USRC's continued commitment to the location.
NNN LEASE - Investors have the opportunity to own a truly passive asset as the lease structure of the property is a NNN, landlord expenses limited to replacement and repair of roof/structure/parking.
DOMINANT REGIONAL PARTNER - The location is a partnership between USRC and Tarrant Nephrology Associates. Tarrant Nephrology operates 23 dialysis clinics, 13 offices, and 2 vascular access centers throughout the DFW area.
REGIONAL GUARANTOR - The lease is 55% guaranteed by USRC North Texas, LP, a regional subsidiary of U.S. Renal Care, Inc. Typically a percentage guarantee indicates USRC's percentage ownership in the unit-level operations, with the JV physician group owning the remainder.
DALLAS-FORT WORTH MSA - The property is located in Fort Worth, TX, the second largest city within the DFW area. The Dallas-Fort Worth metro area is the fourth-largest metropolitan area in the United States with an estimated population of over 8 million as of 2023.
INCOME TAX-FREE STATE - Texas is one of only nine states that have no personal income tax. According to the Tax Foundation, its overall state and local tax burden ranked 46th among all states.
GROWING INDUSTRY - The U.S. dialysis market size was USD 94.43 Billion in 2022 and is projected to grow to USD 150.84 Billion by 2030. This increase exhibits a CAGR of 6.8% from 2023 to 2030.
