VA Outpatient Clinic

Tenant

U.S. Department of Veterans Affairs

Location

Nashville MSA (Gallatin), TN

Price

Unstated

CAP Rate

Unstated

NOI

Unstated

Lease Term

5.25 Years Remaining

Occupancy

100%

Building Size

12,857 SQ FT

Property Type

Office

Year Built

2019

Lot Size

2.8 Acres

Status

Available

Property Contacts:

Travis Trautvetter

Managing Partner | Capital Markets

858 367 5105 | Email

Jake Trautvetter

Managing Partner | Capital Markets

858 367 5102 | Email

Kari Fiske

Director | Operations

858 367 5450 | Email

Isabel Musgrove

Director | Marketing

858 367 0929 | Email

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

FIRST-GENERATION LEASE
New, first-generation lease for 10-year term commencing in 2019, occupied by U.S. Department of Veterans Affairs

2019 BUILD-TO-SUIT CONSTRUCTION
Build-to-suit VA Community-Based Outpatient Clinic completed in 2019, constructed to meet specific requirements of the tenant

VETERANS AFFAIRS OUTPATIENT CLINIC
Facility services over 2,400 veterans in Northern Middle Tennessee and Southern Kentucky, with potential for additional 1,200 patients, providing comprehensive services including Primary Care, Laboratory and Pathology, Social Work, Mental Health, Whole Health, Chiropractic Care, Physical Therapy, Respiratory Care, Women’s Care,
and Telehealth services

BELOW REPLACEMENT COST
Replacement cost of the subject property is approximately 200% of the current market value of the asset, providing the rare opportunity to achieve a low basis with long-term upside in future lease rates

NASHVILLE MSA LOCATION
Located 30 miles northeast of Nashville, the 35th largest metro area in the United States, with an MSA populationexceeding 2 million, and situated across from Sumner Regional Medical Center, a 167-bed healthcare facility and Level III Trauma Center

The U.S. Department of Veterans Affairs Gallatin Outpatient Clinic is a 12,857 square foot, first-generation healthcare facility leased for a new 10-year term to the U.S. Department of Veterans Affairs (VA), built-to-suit for the tenant in 2019. 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.

The Gallatin VA Outpatient Clinic services over 2,400 veterans in Northern Middle Tennessee and Southern Kentucky, with potential for additional 1,200 patients, providing comprehensive services including Primary Care, Laboratory and Pathology, Social Work, Mental Health, Whole Health, Chiropractic Care, Physical Therapy, Respiratory Care, Women’s Care, and Telehealth services

Total replacement cost of the subject property, including shell and tenant improvements, is approximately 200% of the current market value of the asset, providing a rare opportunity to achieve a low basis with long-term upside in future lease rates.

Gallatin VA Outpatient Clinic is located approximately 30 miles northeast of Nashville, the 35th largest metro area in the United States, with an MSA population exceeding 2 million. This facility is situated across from Sumner Regional Medical Center, a 167-bed healthcare facility and Level III Trauma Center, with immediate access to Highway 25.