Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership in Texoma Dialysis Center located at 2500 Swamy Dr, Sherman, Texas. The property is located in Grayson County with approximately 7,728 square feet of rentable space. The property is currently fully occupied by Texoma Dialysis Center, whose parent company American Renal Associates, maintains a S&P credit rating of Caa1. The Texoma Dialysis Center was built in 2019 with a 15 year double-net(NN) lease executed open certificate of occupancy. Currently the lease has 11 years remaining with a lease expiration of 3/20/34, with two five year options. The lease has annual rent escalations of two percent. The property is an attractive opportunity for an investor to acquire a high-quality asset with a long term strong-credit lease, with minimal landlord responsibility, in a high growth MSA in a tax free state. The single-tenant medical office building is conveniently located adjacent to U.S. Highway 75, with excellent visibility and easy access to the property. The Texoma Dialysis Center is across the street from the Texoma Medical Center, a 414-bed acute care hospital with more than 400 physicians on staff. The subject property benefits from strong demographics, serving a five-mile population of approximately 45,284 residents with a one-mile average household income exceeding $75,411.