2860 S US HIGHWAY 83 Zapata TX 78076-4205

Northmarq is pleased to offer qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical clinic located in Zapata, Texas.​ The Property consists of 1.17 acres improved with an 8,020-square-foot dialysis clinic completed in 2017 and built to DaVita’s “Hope” prototype design and building standards.​ The facility features an enhanced layout and energy-efficient operations intended to support operating-cost savings, and it benefits from frontage along U.​S.​ Highway 83 in the center of Zapata, approximately 50 miles south of Laredo near the Mexican border.​

The Property is leased to DaVita, Inc.​, a leading provider of kidney care in the United States with a network of more than 2,675 dialysis centers.​ The lease features a 15-year initial term with just under six years remaining, two five-year renewal options, and scheduled rent increases of 10% every five years.​ The lease is the tenant’s standard form used across much of its portfolio and is described as a highly passive net lease with minimal expense exposure due to newer construction, and it includes no early termination or kick-out provisions.​ DaVita reported $12.82 billion in revenue and $936 million in net income as of December 31, 2024, and maintains a BB rating from Standard & Poor’s and a Ba3 rating from Moody’s.​

• ​No Early Termination or Kick-Out Clause – No tenant termination rights during the term
• ​Leading Operator – 2,675 outpatient dialysis clinics nationwide serving 200,800 patients
• ​Strong Guarantee – $12.82B revenue and $936M net income as of December 31, 2024; BB and Ba3 ratings
• ​Institutional-Quality “Hope” Prototype Design – New prototype layout with energy-efficient operations
• ​Long-Term, Passive Lease – Just under 6 years remaining on a landlord-friendly net lease
• ​Rent Growth – 10% rental increases every 5 years in initial term and options
• ​Likelihood of Renewal – 145 patients, cross-border demand, and nearest clinic over 40 miles away
• ​Insulated from Macroeconomic Changes – Approximately 89% government-program patient coverage
• ​Growing Industry – Increasing ESRD population and kidney-disease prevalence growth
• ​Income Tax Free State – Texas has no state income tax

The Property consists of 1.17 acres and a 7,340-square-foot medical clinic that was just built to the exact specifications of the Tenant’s brand new “Hope” prototype design and building standards—one of only a handful of clinics in the United States. The Property’s layout and operation is top-of-the-line and offers cost savings given its energy efficient buildout.

The Property is located with frontage on U.S. Highway 83 in the center of Zapata near the Mexican border. Zapata is located 50 miles south of Laredo.