U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security

NEW 20-YEAR FIRM LEASE TERM
First-generation lease with U.S. Department of Veterans Affairs commenced in March 2024 for a new 20-year firm, non-cancellable term expiring in March 2044, providing the maximum allowable lease term per federal lease contracting regulations

RARE FEDERAL LEASE STRUCTURE – ZERO TERMINATION RIGHTS, NET OF UTILITIES & JANITORIAL
Exceptionally rare Federal lease structure with zero rights to terminate and tenant responsibility for utilities, janitorial service, RE taxes above the established tax base, annual Operating Cost rent adjustments, and a base rent increase in Lease Year 11

2024 BUILD-TO-SUIT CONSTRUCTION
Designed and built-to-suit for VA with completion in March 2024

$34 MILLION IN TENANT-FUNDED IMPROVEMENTS ($465 PER SQ FT)
VA invested $33.85 million in new tenant improvements ($465 per foot), demonstrating an extraordinary financial commitment to this new facility

EXPANSION & RELOCATION OF VA SERVICES
The new Toms River VA Outpatient Clinic provides regional Veterans with a state-of-the-art healthcare facility that more than doubles the size of the previous VA building, offering significantly expanded services and improved wait times, with primary care, women’s care, dental care, mental health, pharmacy, radiology, MRI services, physical therapy, and an ambulance bay

PREMIER LOCATION IN JERSEY SHORE / NEW YORK CITY MSA, LARGEST MSA in UNITED STATES
Outstanding residual value via a premier location near the Atlantic Ocean in Toms River, New Jersey, the heart of the Jersey Shore and part of the New York-New Jersey Metropolitan Statistical Area, the largest MSA in the United States with a population of approximately 20 million