NET LEASED MOB FOR SALE IN SEGUIN, TX – COMMERCIAL REAL ESTATE – SOLD

SEGUIN COMMERCIAL REAL ESTATE – NET LEASED – SOLD

– Executive Summary – 612 E. Court Seguin, Texas – NET LEASED COMMERCIAL REAL ESTATE

612 E. Court, Texas is a 7242 SF Medical office building net leased to a Fortune 500 Medical Company called DaVita LINK TO DAVITA. DaVita’s new Seguin Dialysis Unit should complete development (rent commencement on c of o) on or around June 1, 2011.  This property is conveniently located for dialysis patients in close proximity to the new Guadalupe Regional Medical Center LINK TO GUADALUPE REGIONAL MEDICAL CENTER.  This site is DaVita’s 1st dialysis unit in Seguin, Texas.  This new unit has been opened to fight the growing kidney failure epidemic that Texas owns (largely driven from Texan’s eating habits).  I would anticipate that this won’t be the last new unit in Seguin for DaVita due to Seguin’s growing population spirited from several new major employers.

If you like investing in single user NNN assets (less “brain damage” than dealing with vacancy issues on multi-tenant assets) why wouldn’t you choose to place your hard earned money into an investment leased/guaranteed by a group that is providing a service that extends lives?  The patrons of these facilities might skip a burger or buying a new gas can at the auto supply NNN assets that you are considering down the street from this one, but would they skip their dialysis treatment?  Current rental rate approximates $19.50/SF NNN in based year rent.   The 15 year lease escalates annually at 2%.  The lease contains three (3) five (5) year renewal options with a very high likelihood of extension due to the significant investment in this facility by Tenant and its excellent location.  Base year NOI is $142,219.  List Price of $1,882,920.00 is based on a 7.5% capitalization rate (cap rate) on the base year “ACTUAL”NOI.

DaVita Inc., a FORTUNE 500® company, is a leading provider of kidney care in the United States, delivering dialysis services and education to patients with chronic kidney failure and end stage renal disease. As of March 31, 2011, DaVita operated or provided administrative services at 1,642 dialysis facilities, serving approximately 128,000 patients. DaVita develops, participates in and donates to numerous programs dedicated to transforming communities and creating positive, sustainable change for children, families and our environment. The company’s leadership development initiatives and corporate social responsibility efforts have been recognized by Fortune, Modern Healthcare, Newsweek, and WorldBlu, among others.


Contact a Westover Hills Commercial Land Expert Today:

 
San Antonio Commercial Real Estate ExpertSan Antonio Commercial Real Estate ExpertContact Luke LeGrand, ePRO via email @ luke@kwcommercialsa.com or call   210-843-5853
or
Contact Link LeGrand, CCIM via email @ link@kwcommercialsa.com or call  210-789-5465
 

 

 

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