Veteran Affairs Out Patient Clinic
Government Leased Investment
Marketing description
Legacy Realty Group is excited to offer an outpatient medical facility leased to the Department of Veterans Affairs located in Pine Bluff, Arkansas. The property is 100% leased with Six (6) years remaining on a Ten (10) year lease. The VA clinic is in close proximity to the capital city of Arkansas, Little Rock, as it is just 40 minutes away.
HIGHLIGHTS:
-Long Lease Term- Six (6) Years remain on a Firm Ten (10) year Government back lease with no termination options.
-Strong Tenant- Guaranteed by the United States Government, General Services Administration. (GSA)
-Limited Competition -Subject property serves as a regional outpatient clinic as its the only VA clinic within 45 miles.
-Surrounding Client Base- Almost 25% of U.S. population is potentially eligible for V.A. benefits and services because they are veterans, family members, or survivors of veterans.
Pine Bluff is the 10th largest city in the state of Arkansas with almost 45,000 people, and a land mass of 46 square miles. Located in Jefferson County, Pine Bluff is located in the heart of the Arkansas River Basin which is known for its rich agriculture such as cotton, soybeans, and rice. Not only is it known for agriculture, but most recently the modern construction of the Saracen Casino and Resort. The Casino development cost over $350MM and employed over 1,000 people.
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