VCU Health-A Credit Rating-VA

Marcus & Millichap is pleased to present 131 Jennick Drive in Colonial Heights, Virginia located in the TriCities Submarket with excellent access and visibility located on a signalized corner of Jennick Drive and Charles H.​ Dimock Parkway with a traffic counts of 12,586 vehicles per day.​ The property benefits from robust, dense demographics; the population within five miles of the site is over 97,691 with nearly 34,473 households and an average household income of over $70,334 within five miles.​

VCU Health Orthopaedics operates in a modern 12,064-square-foot facility situated on 2.54 acres, offering ample parking.​ The property is leased under a triple-net structure with 3% annual rental increases.​ Currently, 2 years and 3 months remain on the lease term, with three additional 3-year renewal options available.​ VCU Health, a trusted regional healthcare operator with 72 locations across Virginia, has earned strong credit ratings from Moody’s (Aa3) and Standard & Poor’s (AA-), reflecting its status as a low-risk investment.​

VCU Medical Center is highly regarded, ranking No.​ 1 in the Richmond metro area and No.​ 2 in Virginia in U.​S.​ News & World Report’s 2023-2024 Best Hospitals rankings.​ Virginia Commonwealth University, a leading urban public research institution, enrolls over 30,000 students across 233 degree and certificate programs.​ Located in downtown Richmond, the university excels in arts, sciences, and humanities, offering 22 programs unique to Virginia.​

The VCU Health brand encompasses the university’s health sciences academic programs, the VCU Massey Cancer Center, and the VCU Health System.​ This includes VCU Medical Center (the region’s only academic medical center), Community Memorial Hospital, Children’s Hospital of Richmond at VCU, and MCV Physicians.​ The clinical

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   Established medical practice

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   Investment grade credit

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   Low rent per sq ft.

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   3% annual increases