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

Location Description

Pleasanton is located within the Eagle Ford Shale, one of the most actively drilled targets for oil and gas in the United States. Pleasanton's location within this play is attracting many oil field related companies. Although Pleasanton isn't located in the heart of the drilling activity (located on the map to the right), its close proximity and direct access to the workforce and amenities of San Antonio makes Pleasanton a premiere location for companies and their employees. Downtown San Antonio is within 37 miles of Pleasanton, while Three Rivers, George West and Corpus Christi are located south of Pleasanton on the I-37 corridor. Pleasanton, compared to all of the small towns in the Eagle Ford, is the most developed and best prepared to handle the growth generated by this mammoth shale play. The city is taking steps to prepare for the continued and future growth as well.

Highlights

New Building - The subject Property was constructed in 2014Credit Enhancement - The Lease is guaranteed by Kerui Petroleum Equipment (America) Corp. and is further secured by an irrevocable letter of credit. The parent company, Kerui Group, is one of the largest privately held oil companies in China and operates in 57 countries and regions around the world.Renewal Options - The lease features two (2), five (5) year renewal options at Fair Market Value Strategic Location - The subject Property is located within the Eagle Ford Shale region of South Texas, one of the most actively drilled targets for oil and gas in the US. Forecasts project close to 5,000 new wells will be drilled in the Eagle Ford Shale by 2020 Major Industrial Tenants Nearby - Select Energy Services, Baker Hughes, Halliburton, Weatherford, National Oilwell Varco, Pumpco Services, Pinnergy, Superior Well Services, FloQuip, Patterson-UTI, Lufkin, Express Energy, Greene’s Energy Group, Flint, Lo Transport, E&P Wireline, Enterprise Products, Louisiana Crane, Code Red Safety, DRM Companies, Sunbelt Rentals, KDR Supply, EnSign Energy Services, Aveda Transportation & Energy Services, Boots & Coots, Cactus Wellhead, Cretic Energy Services, Rush Wellsite Services, Crest Pumping Technologies and Timco Services, among others

NNN Loans Funding

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