Texas Health Resources
Texas Health Resources recently signed a 10-year corporate lease for a 3,172 SF health care asset with retail positioning adjacent to Walmart Supercenter within the primary retail corridor of Weatherford, Texas (DFW). Texas Health Resources is anticipated to commence on November 1, 2023. Situated just off the intersection of Interstate 20 and Highway 171, the Property is approximately 30 minutes from downtown Fort Worth. Texas Health Resources benefits from annual 2.5% rent escalations throughout the term of the lease including each of the two, five-year renewal options. Renovations commenced in Q2 2023 and features a brand-new roof with a transferable 10-year warranty. Founded in 1997, Texas Health Resources is a privately held company that operates approximately 27 hospital locations throughout North Texas. Texas Health Resources serves 16 counties of more than 7,000,000 people and in 2021 reported over $4,700,000,000 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.