Elite Care Emergency Center

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	10 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

San Antonio is the second most populous city in the state of Texas, with a population of 1,409,019. It was the fastest growing of the top 10 largest cities in the United States from 2000 to 2010, and the second from 1990 to 2000. San Antonio hosts two of the largest military medical centers in the United States. On the civilian side of healthcare, the city is also home to a wellestablished community of healthcare providers recognized at both the national and global level. San Antonio has a diversified economy with an approximately $96.8 billion metropolitan GDP, ranking 4th among Texas metropolitan areas and 38th in the United States. San Antonio's economy is focused primarily within military, healthcare, government civil service, financial services, oil and gas and tourism sectors. Within the past twenty years, San Antonio has become a significant location for American-based call centers and has added a significant manufacturing sector centered around automobiles. Located about 10 miles northwest of Downtown is the South Texas Medical Center, which is a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute) and higher educational institutions. The city is also home to one of the largest military concentrations in the United States. The defense industry in San Antonio employs over 89,000 and provides a $5.25 billion impact to the city's economy. San Antonio is home to six Fortune 500 companies: Valero Energy Corp, Tesoro Corp, USAA, Clear Channel Communications, NuStar Energy and CST Brands, Inc.. H-E-B, the 14th largest private company in the United States is also headquartered in San Antonio. Other companies headquartered in San Antonio include: Bill Miller Bar-B-Q Enterprises, Carenet Healthcare Services, Eye Care Centers of America, Frost Bank, Harte-Hanks, Kinetic Concepts, NewTek, Rackspace, Taco Cabana and Whataburger. Other large companies that operate regional headquarters in the city include: Nationwide Mutual Insurance Company, Kohl's, Allstate, Chase Bank, Philips, Wells Fargo, Toyota, Medtronic, Sysco, Caterpillar Inc., AT&T, West Corporation, Citigroup, Boeing, QVC, and Lockheed Martin.

Highlights

Long Term Lease - Twelve (12) year base lease term, which expires on February 28, 2025, with three (3), five (5) year option periods.

New Construction - The 14,878 SF free-standing emergency department was completed in 2013, and is situated on 2.3 acres.

Guaranteed Lease - The lease is 100% guaranteed by Greater Houston Emergency Physicians, PLLC.

Strong Operational Performance - Profitable location with a favorable outlook.

NNN Structure - All costs associated with maintenance to the facility are reimbursed by the tenant, along with a management fee not to exceed 4% of base rent.

Rental Increases - Rental Income shall increase every three years. Next increase shall occur on February 12, 2016.

Location - The subject property is located directly between the inner and outer San Antonio dispersal loops, and less than five miles from a dense medical corridor containing six hospitals. In addition, the property is located directly off of Bandera Road, a major throughway connecting the dispersal loops.

Strong Market Presence - Elite Care operates 10 clinics across 3 major Texas markets (San Antonio, Houston, and Dallas-Fort Worth).

High Percentage of Private Pay Patients - A market study of the surrounding hospitals within 15 miles of the subject property showed 61% of their revenues come from sources other than Medicare and Medicaid.

Strong Demographics - Household incomes within a one-mile radius in excess of $86,000.

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.