1801 E March Ln
Stockton, CA 95210

Leased to SATELLITE DIALYSIS OF STOCKTON, LLC, and guaranteed by SATELLITE HEALTHCARE, INC., for 12 years expiring February 28, 2030. The initial annual rent of $223,258 increases by 2.5% annually. The lease is net with the tenant responsible for reimbursing taxes, insurance, and maintenance of the exterior premises, including HVAC, and parking lot and roof maintenance and repair. Costs of a capital nature are reimbursed by the tenant on an amortized basis along with 8% interest. Tenant is also responsible for the condominium association CAM charges, and a management fee. There are two five-year options to renew at 95% of Fair Market Value (FMV). Thereafter the rent increases by 2.5% annually until the next option period.