Southwestern Vermont Health Care (Dartmouth Health)
Medical Office | 6.18% CAP | 4,723 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Southwestern Vermont Medical Center, located 7237 US Route 7 in Pownal, Vermont (the “Property”). Southwestern Vermont Medical Center has been at this location since it was constructed and has 14+ years remaining on their lease with one (1), 15-year renewal option. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and the 15- year renewal option. Southern Vermont Medical Center is part of Southwestern Vermont Health Care (SVHC), an integrated healthcare system that operates as part of the Dartmouth Health network.
The Property features a Corporate Guaranty from Dartmouth Health. The Property is strategically positioned along US Route 7, the primary commercial and commuter corridor serving Southwestern Vermont, providing excellent visibility, frontage, and accessibility. The well-maintained facility features attractive architectural design, prominent signage, and ample parking, enhancing its presence along this heavily traveled route.
Located between Williamstown, Massachusetts and Bennington, Vermont, the Property benefits from proximity to the region’s two primary markets. Williamstown, approximately three miles to the south, is home to Williams College, a nationally recognized liberal arts institution that contributes to the area’s economic activity and visitor traffic. Bennington, located approximately 10 miles north, is the largest market in Southwestern Vermont and serves as a regional hub for employment, healthcare, and retail, featuring major employers, Southwestern Vermont Medical Center, and a mix of national and local grocers, retailers, and restaurants. This central positioning between two established markets supports consistent traffic and broad regional draw.
Investment highlights
CORPORATE GUARANTY (DARTMOUTH HEALTH): Southern Vermont Medical Center is part of Southwestern Vermont Health Care (SVHC), an integrated healthcare system that operates as part of the Dartmouth Health network, enhancing access to specialty care, advanced technology, and regional medical resources while maintaining its community-focused care model. The Property features a Corporate Guaranty from Dartmouth Health. Dartmouth Health operates 9 hospitals, more than 24 outpatient clinics, and over 800 beds, supported by approximately 16,000 employees and more than 2,300 providers across the region.
LONG TERM LEASE: Southwestern Vermont Medical Center has been at this location since it was constructed (2015) and has 14+ years remaining on their lease with one (1), 15-year renewal option.
ATTRACTIVE RENT INCREASES: The Southwestern Vermont Medical Center lease calls for attractive 10% rent increases every 5 years throughout the primary lease term and the 15-year renewal option, providing the investor with an increase in revenue and a hedge against inflation.
MINIMAL MANAGEMENT RESPONSIBILITIES: Southwestern Vermont Medical Center reimburses 100% of the real estate taxes, insurance and Common Area Maintenance. Southwestern Vermont Medical Center also reimburses a 4% management fee. Southwestern Vermont Medical Center is responsible for the first $10,000 (per occurrence) for capital repairs to the roof and structure. The Landlord is responsible for any additional capital costs to the building’s roof and structure.
RECESSION RESITANT TENANT: Southern Vermont Medical Center serves as a regional healthcare anchor and essential services provider for southern Vermont and surrounding areas. Its integrated healthcare system, multiple outpatient locations, and affiliation with Dartmouth Health position SVMC as a stable, recession-resistant medical tenant and a key institutional presence within its market.
HIGHER EDUCATION PRESENCE: The Property is 3 miles north of Williams College, a premier liberal arts college that is consistently ranked #1 in National Liberal Arts Colleges by US News & World Report. The Property is also within 10 miles of Massachusetts College of Liberal Arts (MCLA) in North Adams, MA, Community College of Vermont (CCV) and Bennington College, both in Bennington, VT.
DEMOGRAPHICS & TRAFFIC COUNTS: More than 11,200 people live within 5 miles of the Property with an average household income of $127,726. Approximately 41,300 people live within 10 miles of the Property with an average household income of $97,945. Additionally, more than 7,100 vehicles pass the Property each day along US Route 7.
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