- Details
- Investment Highlights
- Description
Tenant
U.S. Department of Veterans Affairs
Location
Marion, Ohio
Price
Unstated
CAP Rate
Unstated
NOI
Unstated
Lease Term
20 Years
Occupancy
100%
Building Size
20,648 SQ FT
Property Type
Medical Office
Year Built
2025
Lot Size
3.23 Acres
Status
Available
Property Contacts:
U.S. FEDERAL GOVERNMENT CREDIT / NEW 20-YEAR FIRM LEASE TERM
First-generation, 20-year firm (non-cancellable) lease term with U.S. Department of Veterans Affairs commenced in May 2025, guaranteed by the full faith and credit of the United States of America
2025 BUILD-TO-SUIT / VA OUTPATIENT CLINIC
New 2025 construction, designed and built-to-suit for Veterans Affairs (VA); state-of-the-art VA Outpatient Clinic delivering coordinated patient care services via the VA’s Patient Aligned Care Team (PACT) model
$6.1 MILLION IN TENANT-FUNDED IMPROVEMENTS ($297/SQ FT)
Tenant-funded improvements in excess of $6.131 million ($297 per square foot) evidences the significant investment in this location by VA and creates an asset basis that is below current and future replacement costs
ESSENTIAL VA HEALTHCARE SERVICES
Marion VA Outpatient Clinic provides essential healthcare services to the local and regional Veteran population, including Audiology, Cardiology, Laboratory and Pathology, Mental Health Care, Nutrition and Dietary Care, Optometry, Primary Care, PTSD Care, Social Work, and other crucial medical care
CENTRAL LOCATION IN MARION, OHIO
Positioned in a well-established, central location in close proximity to OhioHealth Marion General Hospital (250 beds) as well as numerous national businesses and retailers, including auto dealerships for Honda and Ford, Walgreens, Burker King, Arby’s, Wendy’s, Taco Bell, Tractor Supply Co, and more
