4 Locations

Passov Investment Group has been exclusively retained by Ownership to sell the United States Veterans Affairs Outpatient Center Portfolio consisting of five (5) properties totaling 68,497 square feet. All five (5) assets are single tenant facilities. The leases are fully guaranteed by the United States Federal Government, which currently retains a "Aaa" credit rating by Moody's, one of the highest credit ratings of any country in the world.

The subject properties are brand-new build-to-suit state of the art medical outpatient facilities for the United States Department of Veterans Affairs. The properties are all located within walking distance to other major retailers and amenities such as Walmart Supercenters, discount retailers, large home improvement stores, fitness centers, most major fast-food brands, and within short distance to hospitals...all of which are requirements of the VA's site selection committees. Additionally, each site was unanimously selected by the VA's site selection committee due to their ease of access to major highways and central location to the area's veterans and proximity to shopping and dining options.

The leases range from ten (10) and fifteen (15) years firm terms with no early terminations. Additionally, the VA will spend an average of $3,142,600 per asset toward interior tenant improvements.