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INVESTMENT HIGHLIGHTS
U.S. Federal Government (AA+ credit) - The lease is backed by the full faith and credit of the United States Government. Currently holding an investment-grade credit rating of AA+ via Standard & Poor’s, the U.S. Government boasts as good of credit as you can find in the current real estate marketplace.
Completely Renovated for VA - VA searched for an Outpatient Clinic location in Niagara Falls for 5 years before choosing this location. In 2020, a $1.2M+ renovation of the Property took place in preparation for the U.S. Department of Veterans Affairs tenancy. The U.S. Department of Veterans Affairs agreed to a total of 10 years with 5 years of firm term. The clinic provides primary care and specialty health services, including cardiology, mental health care, laboratory and pathology services. VA is presently investing an additional $75,000 into the Property.
Value Add Potential - 1,712 SF of vacant space is available to be leased to additional tenant or used for VA expansion.
Tenant Stickiness to the Site - Niagara Falls VA Clinic specifically selected this location to be compliant with the Patient Aligned Care Teams (PACT) Model, further demonstrating their commitment to the site.
Proximity to Hospital - The Property is located less than 0.3 miles away from Niagara Falls Memorial Medical Center, a full-service, 171-bed regional hospital that has been serving the Greater Niagara region for over 100 years.
Downtown Niagara Falls Location - The property is located on Pine Avenue (12k+ VPD), just off Portage Rd (18k+ VPD) in Niagara Falls, NY. The Property benefits from strong demographics with a 59K+ population with 5 miles with an average household income of $70,495.
