OFFERING SUMMARY
Price: $2,050,000
Cap Rate: 8.62%
Gross Leasable Area: 8,890 SF
NOI: $176,760
OFFERING HIGHLIGHTS
- Income Tax-Free State
- Recession Proof Asset
- Minimal Dialysis Competition
- Significant Upside for Incoming Investor
INVESTMENT OVERVIEW
The Diffie Retail Team is pleased to present for sale a corporately guaranteed US Renal Care located at 2787 Pharmacy Road in Rio Grande, Texas. This deal features a double net lease with just under two and a half years remaining in a market with minimal dialysis competition. Additionally, the current owner maintains a 2,008 square foot office that will be leased from the incoming buyer upon close of escrow providing investors with an augmented return. With no options remaining, there is significant upside potential for the incoming investor to craft a new lease with US Renal upon expiration.
