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, providing exceptional income durability and credit quality

NEW 20-YEAR LEASE TERM
First-generation lease with U.S. Department of Veterans Affairs for a new 20-year term through 2044, providing the maximum allowable lease period per federal contracting regulations

2024 BUILD-TO-SUIT CONSTRUCTION / ESSENTIAL VA SERVICES
New build-to-suit construction for VA with completion in 2024; state-of-the-art healthcare facility delivering essential, comprehensive services to area Veterans via the VA’s Patient Aligned Care Team (PACT) model, including Primary Care, Cardiology, Diabetes Care, Laboratory and Pathology, Mental Health Care, PTSD Care, Telehealth, and Women’s Care

EXPANSION & RELOCATION OF ESSENTIAL VA SERVICES
The VA Outpatient Clinic provides a significant expansion and relocation of previous VA Clinic operations in this market, increasing the facility size from under 3,000 square feet at the prior location to nearly 20,000 square feet in the new clinic

$6.48 MILLION IN TENANT-FUNDED IMPROVEMENTS ($328 / SQ FT)
Tenant-funded improvements in excess of $6.48 million ($328 per square foot) paid in lump sum at project completion, evidencing the significant investment in this location by VA and creating an attractive asset basis that is below both current and future replacement costs