Texas Health Resources
Texas Health Resources signed a 10-year absolute net, corporate lease for a 2,949 SF health care asset with retail positioning in the affluent, amazing, high-growth DFW submarket of Southlake, Texas. Situated just off the intersection of Southlake Boulevard and Davis Boulevard, the Property is approximately 15 minutes west of Dallas Fort Worth International Airport and 30 minutes north west of Downtown Dallas. 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 Davis Boulevard, phenomenal demographics, multiple ingress/egress points, a masonry 2-sided monument sign and exceptional visibility. Texas Health Resources benefits from an average household income that exceeds $226,400, $223,300 and $176,900 in 1, 3 and 5 mile radii, respectively. 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.