-Texas Net Leased Investment- San Antonio Commercial Real Estate
-San Antonio, Texas Net Leased Investment-
9800 Westover Hills is a 9,000 SF Medical office building leased to a Fortune 500 Medical Tenant called DaVita (7500 SF) LINK TO DAVITA and a regional medical group called San Antonio Kidney Disease Centers (1500 SF) LINK TO SAKDC DaVita’s newest San Antonio Dialysis Unit should complete development (rent commencement on c of o) on or around August 1, 2011. This property is conveniently located for dialysis patients sandwiched in between TWO (2) Brand New Hospitals! LINK TO CHRISTUS SANTA ROSA WESTOVER HILLS HOSPITAL & LINK TO BAPTIST HOSPITAL SYSTEMS
Property sits in parking lot of the Hilton San Antonio Hotel and Spa LINK TO HILTON WESTOVER HILLS Overlooking the Hyatt Hill Country Golf Course and Just down the road from Sea World! LINK TO HYATT HILL COUNTY GOLF COURSE & LINK TO SEA WORLD SAN ANTONIO- WESTOVER HILLS
This site is DaVita’s 18th dialysis unit in San Antonio, 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 San Antonio for DaVita due to San Antonio’s forecasted explosive growth!!!! LINK TO ARTICLE
If you like investing in Commercial Real Estate in San Antonio, Texas why wouldn’t you choose to place your hard earned money into an investment leased (long term) by a multiple medical tenants 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? 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 Tenants and its excellent location. Base year NOI is $207,000.00. List Price of $2,760,000 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
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