UT Health East Texas - LoopNet › d2 › ...ROWLETT WYLIE 20 635 20 20 20 205 287 67 67 80 80 69 FARMERSVILLE Location Map UT Health East Texas. UT Health East Texas / 5 Aerial. UT

UT Health East TexasNEQ State Highway 243 & S Trade Days BoulevardCanton, Texas

4438 W Lovers LnDallas, Texas 75209

T 214.396.1810VireoRE.com

Stroud [email protected]

UT Health East Texas / 2

Property InformationLocation400 SH 243Canton, TX 75109

Size4,409 SF

Price$931,180 / $211.20 PSF

Cap Rate6.25%

Occupancy100%

Parking16 spaces, including 2 handicap(3.38/1,000 SF)

ZoningB2 (General Business District)

Tax Authority / IDVan Zandt County / R000003366

Building ExteriorStucco

RoofFlat

HVACRoof-mounted units

Site LightingPole and building mounted lights

Parking LotGood condition, concrete

The information contained herein was obtained from sources deemed reliable; however, no guarantees, warranties or representations as to the completeness or accuracy thereof.The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice.


Executive Summary

Investment Overview• Excellent access and visibility (with signage) from TX Highway 243• Located at retail heavy intersection• Less than three miles south of Interstate 20 - main route to Dallas, TX (60 miles)• Two miles from First Monday Trade Days - the oldest and largest continually operating

outdoor flea market (approximately 300,000 visitors each month)• Directly in front of a retail strip center wth tenants such as Hibbett Sports, Anytime Fitness,

Quality Furniture & Appliance, Chen’s Buffet, and more

UT Health East Texas (“Property”) is a 4,409 square foot single-tenant retail asset located off of TX Hwy 243 in Canton, Texas. UT Health East Texas is an affiliate of the newly formed 10-hospital health system which includes more than 50 physician clinics, 13 regional rehabilitation facilities, 41-county regional home health services, and an EMS fleet of more than 45 ambulances and four helicopters within its system. The 100% leased property is operated by Ardent Health Services - a premier provider of health care services that currently operates 31 hospitals across seven states.

Promising Investor MarketDallas- Fort Worth- Arlington is the 4th largest metropolitan area in the nation. According to data from the US Census Bureau, the DFW metro area gains another person every four minutes and ten seconds. Dallas is the 9th most populous city in the US and the 3rd most populous city in the state. Canton is a city in and the county seat of Van Zandt County and is the center of activity for much of East Texas along with its thriving county. The city is located only 60 miles east of Dallas on Interstate 20, and 37 miles west of Tyler. As host of the worldfamous First Monday Trade Days- the Largest Retail Incubator in the State of Texas - each month Canton becomes the seventh largest city in Texas when it welcomes 250,000+ visitors to shop its 450-acre marketplace.

Prime LocationUT Health East Texas (“Property”) is located at the retail heavy intersection of TX-Hwy 243 and South Trade Days Boulevard (TX-Hwy 19), with excellent access and visibility from the heavily trafficked Hwy 243. The Property is conveniently situated directly in front of a retail strip center that includes Hibbett Sports, Anytime Fitness, Quality Furniture & Appliance, Chen’s Buffet, and more, and adjacent to a freestanding Sears Hometown Store. Across from the Property is a Walmart Super Center to the east and Trader’s Square Shopping Center to the west, with retailers including Bealls Dept. Store, Tractor Supply, Factory Connections, Family Dollar Store, Aaron Rental Store, Oasis Dal Spa and City Nail Salon.

Additionally, the Property is less than three miles south of Interstate 20, which is the main route to Dallas, Texas.

Demographics 3 Mile 5 Mile 7 Mile

Total Population 5,439 8,002 11,666

Daytime Population 7,288 9,456 12,116

Average HH Income $69,843 $69.283 $69,191

Median Age 42.0 43.5 44.5

UT Health East Texas / 4WAXAHAC HI E

DESOTO

DUNCANVILLE

CLEBURNE

FORT WORTH

G R AP E VIN E

CARROLLTON

FRISCOLITTLE ELM

DEN TO N

MCKINNEY

WEATHERFORD

MINERAL WELLS

DAL L ASMESQUITE

ENNIS

DFW AIRPORT

DALLAS LOVE FIELD

PROSPER

THE COLONY

COPPELL

F LOW E RMO UN D

LE W ISVILLE

ALLEN

PLANO

N ORTHRICHLAND

HILLSLAKE WO RTH

AZLE

BURLESON

BE N BRO O K

MIDLOTHIAN

CE DAR HILL

KAUFMAN

CANTON

WILLS POINT

GREENVILLE

COMMERCE

SULPHURSPRINGS

EMORY

MINEOLA

VAN

TERRELL

FORNEY

RICHARDSON

GR ANB U RY

IRVING

ARLINGTO N

30

30

35E20

820

35W

35W

635

75

175

121

121

288

161

360

114

243

12

35E

380

380

287

ROCKWALL

QUINLAN

HEATH

GARLAND

ROWLETT

WYLIE

20

63520

20

20

205

287

67

67

80

80

69

FARMERSVILLE

Location Map

UT Health East Texas


Aerial


Aerial


Tenant Profiles

UT Health East TexasUT Health East Texas is a 10-hospital system that is the result of a jointventure between Ardent Health Services and The University of Texas

Health Science Center at Tyler (UT Health Northeast) to acquire East Texas Medical Center Regional Healthcare System (ETMC). Under the terms of the partnership, Ardent will manage day-to-day operations of UT Health East Texas while working with the UT System to expand medical education, research and community health initiatives in the region. UT Health East Texas was formed in March 2018 and includes 10 hospitals, more than 50 physician clinics, the Olympic Plaza Tower, 13 regional rehabilitation facilities, two freestanding emergency centers, regional home health services covering 41 counties, an EMS fleet of more than 45 ambulances and four helicopters, and a comprehensive

seven-trauma center care network.

Ardent and the UT System will invest more than $125 million in the newUT Health East Texas health system over five years to support operations

and fund improvements. UT Health East Texas marks Ardent’s eighthpartnership with a leading academic or not-for-profit health system.

Moody’s RatingB2

WebsiteUTHealthEastTexas.com

Ardent Health ServicesArdent Health Services invests in people, technology, facilities and

communities, producing high-quality care and extraordinary results. Based in Nashville, Tennessee, Ardent’s subsidiaries own and operate 31 hospitals in seven states with more than 25,000 employees including 1,150 employed providers. Since 2001, Ardent has invested more than $1.4 billion in raising the standard of care in the communities they serve. Ardent facilities exceed national averages in Overall Hospital Quality Star Rating as ranked by the Centers for Medicare & Medicaid Services; 89% of its hospitals received three-star rating or above in comparison with 73% of all hospitals ranked. Seven of the company’s hospitals were recognized by Modern Healthcare as “Best Places to Work” in 2017 –

more than any other system in the county.

Ardent operations are owned by an affiliate of Equity Group Investments(EGI), a Chicago-based private investment firm; Ventas, Inc., a leading real estate investment trust; and members of Ardent’s executive

management team.

Moody’s RatingB2

WebsiteArdentHealth.com


Tenant Information

Tenant UT Health East Texas

Address 400 TX Highway 243 / Canton, TX 75109

Size 4,409 SF

Lease Commencement November 1, 2009

Lease Expiration October 31, 2022

Options 1 x 5 remaining

Lease Structure NNN - See Lease Abstract for more details

Price $931,180

Price PSF $211.20

In-Place NOI $58,198.80

In-Place Cap Rate 6.25%


Rent Schedule

Lease Period Per Month Annual PSF

November 1, 2009 - October 31, 2010 $3,674.17 $44,090.00 $10.00





Renewal Option Exercised Per Month Annual PSF


Remaining Renewal Option Per Month Annual PSF

November 1, 2022 - October 31, 2027 FMV FMV FMV


Lease Abstract

Tenant UT Health East Texas

Square Footage (Building) 4,409 SF

Specific Use Tenant may use the Leased Premises as a Medical Facility.

Documentation Lease dated November 18, 2008 and First Amendment dated July 1, 2017

Rent Commencement Date November 1, 2009

Lease Expiration Date October 31, 2022

Term 8 years + 5 years

Security Deposit $3,673.33

Base Rent Period Per Month Annual PSF






Renewal Options Exercised

Term 1: November 1, 2017 - October 31, 2022 $4,849.90 $58,198.80 $13.20

Remaining Renewl Option

November 1, 2022 - October 31, 2027 FMV FMV FMV

Renewal Option(s) One, 5-year renewal option remaining. Tenant must provide written notice to Landlord at least 60 days before the end of the then current term of the lease.

CAM Payments Tenant shall reimburse Landlord its pro rate share of all CAM.

Insurance Payments Tenant shall reimburse Landlord its pro rate share of all insurance expenses.

RE Tax Payments Tenant shall reimburse Landlord its pro rate share of all Real Estate Tax expenses.

Utilities Tenant shall pay cost of all utility services for the Demised Premises.

Tenant Maintenance

Tenant is responsible for the maintenance and repair of the glass and windows, exterior & overhead doors, including closure devices, molding locks, and hardware, interior doors, including closure devices, frames, molding, locks and hardware, plumbing systems, draining systems, electrical systems and mechanical systems, except systems or items specifically designated otherwise, ballast and lamp replacement, HVAC systems, signs and lighting including pylon, facial, door/suite, extermination and pest control, and wood-destroying insect treatment and repairs. Tenant responsible for up to $1,000 in annual HVAC repairs.

Landlord Maintenance Landlord is responsible for the maintenance and repair of the foundation, exterior walls, and other structural components, fire protection equipment and fire sprinkler systems, grounds maintenance, including landscaping and irrigation systems, and parking areas and walks. Landlord responsible for any excess amount over $1,000 in HVAC repairs.

Executor East Texas Medical Center Regional Healthcare System

Exclusives / RestrictionsLandlord will not lease space in Center that competes with Tenant’s clinical or hospital operations, including but not limited to medical or cath labs, imaging, rehabilitation, or similar services, without prior written approval from Tenant. Services permitted would be dental, chiropractic, optical and/or ophthalmic, veterinarian, medical spa’s or pharmacies or renal care facilities.

Estoppel Certificate Tenant shall provide an estoppel certificate within 10 days upon written request by the Landlord.

Before working with a real estate broker, you should know that

the duties of a broker depend on whom the broker represents. If

you are a prospective seller or landlord (owner) or a prospective

buyer or tenant (buyer), you should know that the broker who lists

the property for sale or lease is the owner’s agent. A broker who

acts as a subagent represents the owner in cooperation with the

listing broker. A broker who acts as a buyer’s agent represents the

buyer. A broker may act as an intermediary between the parties if

the parties consent in writing. A broker can assist you in locating a

property, preparing a contract or lease, or obtaining financing without

representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:

The broker becomes the owner’s agent by entering into an agreement

with the owner, usually through a written - listing agreement, or by

agreeing to act as a subagent by accepting an offer of subagency

from the listing broker. A subagent may work in a different real estate

office. A listing broker or subagent can assist the buyer but does

not represent the buyer and must place the interests of the owner

first. The buyer should not tell the owner’s agent anything the buyer

would not want the owner to know because an owner’s agent must

disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:

The broker becomes the buyer’s agent by entering into an agreement

to represent the buyer, usually through a written buyer representation

agreement. A buyer’s agent can assist the owner but does not

represent the owner and must place the interests of the buyer

first. The owner should not tell a buyer’s agent anything the owner

would not want the buyer to know because a buyer’s agent must

disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:

A broker may act as an intermediary between the parties if the broker

complies with The Texas Real Estate License Act. The broker must

obtain the written consent of each party to the transaction to act as an

intermediary. The written consent must state who will pay the broker

and, in conspicuous bold or underlined print, set forth the br ker’s

obligations as an intermediary. The broker is required to treat each

party honestly and fairly and to comply with The Texas Real Estate

License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;

(2) may not disclose that the owner will accept a price less than the

asking price unless authorized in writing to do so by the owner;

(3) may not disclose that the buyer will pay a price

greater than the price submitted in a written offer unless

authorized in writing to do so by the buyer; and

(4) may not disclose any confidential information or any

information that a party specifically instructs the broker

in writing not to disclose unless authorized in writing to

disclose the information or required to do so by The Texas

Real Estate License Act or a court order or if the information

materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between

the parties may appoint a person who is licensed under The Texas Real

Estate License Act and associated with the broker to communicate

with and carry out instructions of one party and another person

who is licensed under that Act and associated with the broker to

communicate with and carry out instructions of the other party.

If you choose to have a broker represent you,

you should enter into a written agreement with the broker that

clearly establishes the broker’s obligations and your obligations.

The agreement should state how and by whom the broker will be

paid. You have the right to choose the type of representation, if

any, you wish to receive. Your payment of a fee to a broker does

not necessarily establish that the broker represents you. If you

have any questions regarding the duties and responsibilities of the

broker, you should resolve those questions before proceeding.

BUYER, SELLER, LANDLORD OR TENANT

BROKER FIRM NAME LICENSE NO. EMAIL PHONE

DATE

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Approved by the Texas Real Estate Commission for Voluntary Use

INFORMATION ABOUT BROKERAGE SERVICES

Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Vireo Realty Partners [email protected] 214.396.1810

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

UT Health East Texas - LoopNet › d2 › ...ROWLETT WYLIE 20 635 20 20 20 205 287 67 67 80 80 69 FARMERSVILLE Location Map UT Health East Texas. UT Health East Texas / 5 Aerial. UT

Documents