145 Park Ave, Lake Havasu City, AZ 86403 For Sale

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 Lake Havasu City 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

CENTRAL LOCATION IN LAKE HAVASU CITY

The Lake Havasu City VA Outpatient Clinic is situated with direct access of Highway 95 and in immediate proximity to local destinations and business including the famous London Bridge and London Bridge Beach, Bridgewater Links Golf Course, the Nautical Beachfront Resort, In N Out, Safeway, Albertsons, Jack in the Box, Taco Bell, Planet Fitness, Havasu Regional Medical Center, and many more