U.S. Department of Veterans Affairs
Sonora, CA
$4,038,265
6.65%
11.5 Years Remaining
100%
8,000 SQ FT
Office
2009
Unstated
Sold
FEDERAL GOVERNMENT CREDIT
Lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security
LONG-TERM LEASE, RECENT RENEWAL
11.5 years remaining on lease with U.S. General Services Administration following early renewal by the tenant for new 10-year lease term, demonstrating ongoing commitment to this facility
2009 BUILD-TO-SUIT CONSTRUCTION
Build-to-suit construction completed in 2009, developed according to the specific requirements of the U.S. Department of Veterans Affairs and meeting strict federal standards
KEY OUTPATIENT CLINIC WITHIN VA SYSTEM
Sonora VA Outpatient Clinic serves as a key spoke within the VA Palo Alto Health Care System, serving the veteran population in the Sierra Nevada region with no other VA clinics within a 47 mile drive from the subject property (Modesto VA Clinic – 47 miles, Stockton VA Clinic – 62 miles, Merced VA Clinic – 56 miles, McClellan VA Clinic – 94 miles)
COMPREHENSIVE MEDICAL SERVICES
Available health care services at the Sonora VA Outpatient Clinic include laboratory, nursing, peer support groups, primary care, social work, telehealth, mental health care, nutrition, and specialty care
PRIMARY TRADE AREA LOCATION
Located on Mono Way, the primary arterial through Sonora, located adjacent or in immediate proximity to major tenants including Jack in the Box, CVS, Kohl’s, Taco Bell, Subway, Umpqua Bank, and more
The U.S. Department of Veterans Affairs Outpatient Clinic in Sonora, California is an 8,000 square foot medical facility which was built-to-suit for the tenant in 2009, developed according to the specific requirements of the VA and meeting strict federal standards.
This facility is leased on a long-term basis, with 11.5 years remaining on the lease with the U.S. General Services Administration following an early renewal by the tenant for a new 10-year lease term, demonstrating the VA’s ongoing commitment to this facility. The lease is guaranteed by the full faith and credit of the United States of America, which has a credit rating of Aaa from Moody’s Investor Services and offers unrivaled income security. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%.
The Sonora VA Outpatient Clinic serves as a key spoke within the VA Palo Alto Health Care System, serving the veteran population in the Sierra Nevada region. There are no other VA clinics within a 47 mile drive from the subject property, with the closest VA locations comprised of Modesto VA Clinic (47 miles away), the Stockton VA Clinic (62 miles away), the Merced VA Clinic (56 miles away), and the McClellan VA Clinic (94 miles away). Available health care services at the Sonora VA Outpatient Clinic include laboratory, nursing, peer support groups, primary care, social work, telehealth, mental health care, nutrition, and specialty care.
Located on Mono Way, the primary arterial through Sonora, the Sonora VA Outpatient Clinic is located adjacent or in immediate proximity to major tenants including Jack in the Box, CVS, Kohl’s, Taco Bell, Subway, Umpqua Bank, and more. The property has quick access to California Highway 108, with nearby connections to Highways 120 and 49.
