Texas Health Resources
Texas Health Resources signed a 10-year absolute net, corporate lease for a 3,002 SF health care asset with retail positioning shadowed to a Tom Thumb anchored shopping center within Dallas, Texas. Positioned approximately 20 minutes north of Downtown Dallas, the Property is located just east of the Dallas North Tollway. Texas Health Resources features zero landlord responsibilities and annual 2.5% rent escalations throughout the term of the lease including each of the two, five-year renewal periods. Renovated in 2020, the Property features parallel frontage to Frankford Road, partial masonry construction, multiple ingress/egress points, a 2-sided monument sign and exceptional visibility. Founded in 1997, Texas Health Resources is a privately held company that operates approximately 29 hospital locations throughout North Texas. Texas Health Resources serves 16 counties of more than 7,000,000 people and in 2020 reported over $4,900,000,000 in total operating revenue. Texas Health Resources employs over 26,000 people and offers more than 350 points of access, including hospitals, outpatient facilities, home health and preventative services and fitness centers. Texas Health Resources corporate credit rate is “AA” by S&P and “Aa2” by Moody’s, both considered investment grade.