- Details
- Investment Highlights
- Description
Tenant
U.S. Department of Veterans Affairs
Location
Madison, WI
Price
Unstated
CAP Rate
Unstated
NOI
Unstated
Lease Term
20 Years
Occupancy
100%
Building Size
30,489 SQ FT
Property Type
Medical Office
Year Built
2024
Lot Size
3.54 Acres
Status
Available
Property Contacts:
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, featuring an Aaa credit rating and unrivaled income security
NEW 20-YEAR LEASE TERM
First-generation lease with U.S. Department of Veterans Affairs commenced in April 2024 for a new 20-year term expiring in April 2044, providing the maximum allowable 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
$7.8 MILLION IN TENANT-FUNDED IMPROVEMENTS ($256/SQ FT)
Tenant-funded improvements in excess of $7.8 million ($256 per square foot) evidences the significant investment in this location by VA and creates an attractive asset basis that is well below both current and future replacement costs
ESSENTIAL VA SERVICES – OVER 10,000 PATIENTS
Site selection was based on strategic analysis of the community Veteran population and is designed to serve over 10,000 Veterans living in Dane, Columbia, Dodge, and Jefferson Counties; Madison VA Clinic is staffed by approximately 110 VA employees, providing comprehensive services including Primary and Mental Healthcare, Wellness Center, Physical Therapy, Occupational Therapy, Nutrition Services, Whole Health Services, Radiology X-Ray, Laboratory Services, Specialty Care, Telehealth, Social Work, and Podiatry Care
CAPITAL CITY / EXCEPTIONAL HEALTH CARE LOCATION
Located in the state capital city of Madison, the 80th most populous city in the United States and the home of the flagship campus of the University of Wisconsin System, the Madison VA Outpatient Clinic benefits from an exceptional location for health care via immediate proximity to the UW Health East Madison Hospital, a new, state-of-the-art hospital and wellness center comprised of 505,000 square feet, with 83 in-patient beds, providing orthopedic surgery, an emergency department, lab, pharmacy, sports medicine and training, and related services; Madison VA Outpatient Clinic is surrounded by a variety of other medical and professional services, top-rated hotels, major retailers, and has optimal freeway access, positioned directly off of Interstate 90