DaVita Dialysis

11600 Broadway Street - Pearland Texas 77584

LTV (Loan to Value)	65.00%	Current NOI	$225,945.00
Interest Rate	4.250%	Capital Rate	5.750%
Fixed Term	10 Years	Land Area	1.02 Acre
Amortization	25 Years	Lease Type	NN
Loan Amount	$2,554,175.00	Property Type	Medical
Payment	$13,836.94	Property Lease	Office
Bulding Size	7,315 SF	Remaining Terms	15 Years

Location Description

NNN Lenders is pleased to offer for sale, the DaVita Dialysis located at 11600 Broadway Street in Pearland, Texas.The offering is comprised of an approximate 1.02 acre plot, along with the fee-simple ownership rights to a 7,315 square foot building 100% occupied by DaVita Dialysis. DaVita Dialysis leases the facility on a brand new fifteen (15) year base lease term with two (2), five (5) year options to renew. The lease also has ten (10) percent rental increases every five (5) years.

Highlights

Strong Corporate Guaranty - (NYSE: DVA) The lease is guaranteed by DaVita HealthCare Partners, Inc., which reported nearly $13 billion…

Property Description

Pearland, Texas is within the Houston metropolitan area. Pearland’s population growth rate from 2000 to 2010 was 142 percent, which placed Pearland as the third largest city in the Houston MSA, and from 2000 to 2010, ranked as the fastest growing city in the Houston MSA and the second fastest growing city in Texas.Pearland’s labor force and job base grew substantially with its population growth. The number of jobs in the community grew from 9,169 in 2000 to 17,552 in 2008. The total labor force that resides in the community increased from approximately 20,000 in 2000 to 45,368 in 2010. A majority of the community’s labor force commutes daily into the Texas Medical Center and other employment centers in the region. Pearland also has many people employed by NASA at the Lyndon B. Johnson Space Center.