U.S. Department of Veterans Affairs
Oxford, AL
Unstated
Unstated
Unstated
14.25 Years Remaining
100%
15,050 SQ FT
Office
2021
5.132 Acres
Sold
U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
NEW 15-YEAR LEASE TERM
First-generation lease for new 15-year term commencing in 2021, occupied by U.S. Department of Veterans Affairs
2021 BUILD-TO-SUIT, SIGNIFICANT TENANT INVESTMENT
VA Community-Based Outpatient Clinic, built-to-suit with completion in 2021; over $3.9 million in tenant improvements paid at occupancy by VA ($259 per foot), demonstrating significant tenant investment in the facility
VA OUTPATIENT CLINIC RELOCATION
Relocation of existing VA services within the Anniston-Oxford metro area, providing a new, state-of-the-art clinic offering a wide range of services to over 4,300 veterans annually, including primary care, mental health services, audiology, and optometry
ASSUMABLE NON-RECOURSE LOAN WITH BELOW MARKET RATE
Existing non-recourse financing can be assumed ($4.25 million balance, 3.70% fixed rate, matures 9/2/2031, interest-only through 11/2023, 30-year amortization thereafter) with a regional bank
ADJACENT TO LOWE’S
Situated adjacent to Lowe’s Home Improvement Store, and in direct proximity to a variety of national tenants, including Nissan, O’Reilly Auto Parts, AutoZone, Harley-Davidson, Hilton Garden Inn, Courtyard by Marriott, Cracker Barrel, Zaxby’s, Wendy’s, KFC, Shell, Dairy Queen, Waffle House, and more
The U.S. Department of Veterans Affairs Outpatient Clinic in Oxford, Alabama is a 2021 build-to-suit healthcare facility leased for a new 15-year term to Veterans Affairs (VA). The lease is guaranteed by the full faith and credit of the United States of America, featuring a Moody’s Aaa credit rating and unrivaled income security. Existing non-recourse financing can be assumed ($4.25 million balance, 3.70% fixed rate, matures 9/2031, interest-only through 11/2023, 30-year amortization thereafter) with regional bank.
The subject property serves over 4,300 veterans annually via new, state-of-the-art VA outpatient facility, replacing the previously existing clinic within the Anniston-Oxford area, following relocation by the tenant. The new VA clinic offers a wide range of services, including primary care, mental health services, audiology, and optometry, in accordance with the VA’s Patient Aligned Care Team (PACT) model, providing personalized, proactive, patient-driven care. Tenant improvements paid at occupancy by the VA exceeded $3.9 million ($259 per foot), demonstrating the tenant’s significant investment into this facility. The Anniston-Oxford VA Outpatient Clinic benefits from a central location in Oxford situated adjacent to Lowe’s Home Improvement Store, and in direct proximity to a variety of national tenants, including Nissan, O’Reilly Auto Parts, AutoZone, Harley-Davidson, Hilton Garden Inn, Courtyard by Marriott, Cracker Barrel, Zaxby’s, Wendy’s, KFC, Shell, Dairy Queen, Waffle House, and more.
This site has immediate access to Interstate 20 and US Highway 78, approximately 60 miles east of Birmingham and 100 miles west of Atlanta. The Anniston-Oxford MSA is home to the former U.S. Army post Fort McClellan, once one of the one of the largest U.S. Army installations. The regional economy is anchored by significant numbers of jobs at Jacksonville State University, the Northeast Alabama Regional Medical Center, Stringfellow Hospital, the Anniston Army Depot, and the Department of Homeland Security at McClellan.
