Texas Health Resources
Texas Health Resources signed a 10-year corporate lease for a 5,033 SF health care asset in Fort Worth, Texas. Positioned approximately 10 minutes west of Downtown Fort Worth, the Property is located just south of Interstate 30. Texas Health Resources features a brand new 10-year lease and annual 2% rent escalations throughout the term of the lease including each of the three, five-year renewal periods. The tenant is currently paying base rent of only $28.50 PSF NNN which is at or below market for comparable retail space in the area. Renovated in 2022, the Property is located in a dense retail trade area, features multiple ingress/egress points and a highly visible 2-sided monument sign. Founded in 1997, Texas Health Resources is one of the nation’s largest faith-based, nonprofit health care systems serving more than 7,000,000 residents of greater North Texas. The company reported over $4,700,000,000 in total operating revenue in 2021 and carries a corporate credit rating of “AA” by S&P and “Aa2” by Moody’s, both considered investment grade. The company 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.