Midland Memorial Healthcare System

207 Tradewinds Blvd | Midland, TX 79706 - 207 Tradewinds Blvd | Midland, TX 79706

LTV (Loan to Value)	65.00%	Current NOI	$942,085.00
Interest Rate	4.250%	Capital Rate	11.160%
Fixed Term	10 Years	Land Area	7.87 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$5,525,000.00	Property Type	Medical
Payment	$29,931.03	Property Lease	Rehabilitation Center
Bulding Size	64,000 SF	Remaining Terms	3 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a free-standing building 100% leased to Midland Memorial Healthcare System located at 207 Tradewinds Blvd., Midland, TX. The NNN lease has approximately three (3) years left in the first option period and includes one (1), five (5) year renewal option with annual escalations. The subject property is just outside of the Westridge Park office complex and the Scharbauer Sports Complex, a new $46 million, 100 acre development.

Highlights

NNN Lease | Annual Escalations - The NNN lease offers zero landlord responsibility and the lease structure includes 1% annual…

Property Description

Midland, Texas is a warm and inviting West Texas city, conveniently located on Interstate 20, halfway between Fort Worth and El Paso. Easily accessible, it boasts Midland International Airport serving more than 900,000 passengers annually, serviced daily by American, Southwest, and United Airlines and is the closest airport to Big Bend National Park. Midland features over 185,000 square feet of meeting space, many unique museums, delicious food, and exciting music and nightlife. Midland is a thriving community of more than 111,000 people. The Permian Basin, of which Midland is the geographic center, is said to contain 16%+ of the nation's oil reserves.