Layne Christensen

239 Oil Road - Pleasanton TX 78064

LTV (Loan to Value)	65.00%	Current NOI	$215,400.00
Interest Rate	4.250%	Capital Rate	11.000%
Fixed Term	10 Years	Land Area	+/-6.13 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,272,817.65	Property Type	Industrial
Payment	$6,895.34	Property Lease	Warehouse
Bulding Size	0 SF	Remaining Terms	Five (5) Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, an industrial property which is 100% leased to Layne Christensen Company located in Pleasanton, TX, the heart of the Eagle Ford Shale. Layne Christensen is a global water management, construction and drilling company, providing responsible solutions for water, mineral and energy challenges. They are traded on the NASDAQ under the ticker “LAYN” and reported $797 million in gross revenues and had a net worth of $181 million at the end of year January 31, 2015. The city of Pleasanton is located just south of San Antonio, TX in the heart of the Eagle Ford Shale region. The city's close proximity to San Antonio, coupled with it being situated in the prolific Eagle Ford Shale, has caused many companies servicing the energy industry to establish locations in the city. The Property will feature a 5 year, NN lease with 2% annual rent escalations.

Highlights

Strong Tenant - Layne Christensen (NASDAQ: LAYN) reported gross revenue of $797 million and net worth of $181 million for…

Property Description

Pleasanton is a city in Atascosa County, Texas. The population was 8,934 at the 2010 census. Pleasanton's official motto is “The City of Live Oaks and Friendly Folks.” It is part of the San Antonio-New Braunfels Metropolitan Statistical Area. Pleasanton is located within the Eagle Ford Shale, one of the most actively drilled targets for oil and gas in the United States. Pleasanton's location within this play is attracting many oil field related companies. Although Pleasanton isn't located in the heart of the drilling activity (located on the map to the right), its close proximity and direct access to the workforce and amenities of San Antonio makes Pleasanton a premiere location for companies and their employees. Downtown San Antonio is within 37 miles of Pleasanton, while Three Rivers, George West and Corpus Christi are located south of Pleasanton on the I-37 corridor. Pleasanton, compared to all of the small towns in the Eagle Ford, is the most developed and best prepared to handle the growth generated by this mammoth shale play. The city is taking steps to prepare for the continued and future growth as well. Before the Eagle Ford made its mark on South Texas, Pleasanton was already an attractive small town, including ample housing, livable neighborhoods, Wal-Mart, HEB grocery, restaurants, retail and some light industrial development. In the last two years, new retail has been developing rapidly along the city's main commercial corridor, highway 97. Residential development continues to increase to meet the new demand, along with new hotels and workforce-housing solutions. Oil field related companies have found land and buildings both inside and outside the city, further fueling the growth. Baker Hughes, Halliburton, Weatherford, National Oilwell Varco, Pumpco Services, Pinnergy, Superior Well Services, FloQuip, Patterson-UTI, Lufkin, Express Energy, Greene's Energy Group, Flint, Lo Transport, E&P Wireline, Enterprise Products, Louisiana Crane, Code Red Safety, DRM Companies, Sunbelt Rentals, KDR Supply, EnSign Energy Services, Aveda Transportation & Energy Services, Boots & Coots, Cactus Wellhead, Cretic Energy Services, Rush Wellsite Services, Crest Pumping Technologies and Timco Services, among others are just a few of the companies that are now located in Pleasanton. Pleasanton, TX is expected to be one of the top location preferences for Eagle Ford related business for years to come. Pleasanton is located approximately 37 miles south of San Antonio, the seventh most populous city in the U.S. with over 1.3 million people, and the second most populous city in the state of Texas. It was the fastest growing of the top 10 largest cities in the United States from 2000-2010, and the second from 1990-2000. The city is located in the American Southwest, the south–central part of Texas, and the southwestern corner of an urban region known as the Texas Triangle. San Antonio serves as the seat of Bexar County. The city has characteristics of other western urban centers in which there are sparsely populated areas and a low density rate outside of the city limits. San Antonio is the center of the San Antonio–New Braunfels Metropolitan Statistical Area. Commonly referred to as Greater San Antonio, the metropolitan area has a population of over 2.23 million based on the 2012 U.S. Census estimate, making it the 24th-largest metropolitan area in the United States and third-largest in the state of Texas.