100% LEASED TO THE U.S. FEDERAL GOVERNMENT
Single-tenant facility leased to the U.S. Federal Government, with lease guaranteed by the full faith and credit of the United States of America

NEW 20-YEAR LEASE TERM
First-generation lease with U.S. Department of Veterans Affairs for a new 20-year term (10 years firm), providing the maximum allowable total lease term per federal contracting regulations

2024 BUILD-TO-SUIT CONSTRUCTION
New construction, designed and built-to-suit for VA with completion in 2024; state-of-the-art healthcare facility delivering coordinated patient care services via the VA’s Patient Aligned Care Team (PACT) model

SIGNIFICANT TENANT-FUNDED IMPROVEMENTS
VA-funded tenant improvements in excess of $300 per square foot, evidencing the significant investment in this location by VA and creating an asset basis that is below current and future replacement costs

VA CLINIC EXPANSION & RELOCATION
New Outpatient Clinic location for VA, expanding and relocating the existing VA services in this market area with a facility that is approximately three times larger than the legacy clinic

ESSENTIAL VA HEALTHCARE SERVICES
VA Outpatient Clinics are highly-utilized facilities, delivering essential healthcare services that remain uninterrupted during events including the Covid pandemic and government shut downs; the subject property provides primary care, laboratory and pathology, mental health care, optometry, and other crucial medical care to local and regional Veterans