Healthcare    

Department of Veterans Affairs

San Angelo, Texas

Asking Price

$5,354,000

Cap Rate

6.50%

Icons_Office

Building Size

12,973 SF

Icons-Acreage

Land (Acres)

1.88 AC

Icons_Medical_Medical

Property Use

Community-Based Outpatient Clinic

Icons_YrBuilt-Hammer-Icon

Year Built | Reno

2001 | 2019

AirForcePlane-Icon

Air Force Base

8 Miles form Property

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • RELOCATION AND EXPANSION - The Property underwent an extensive renovation in 2019 to convert the former grocery store to the now state-of-the-art VA clinic.
  • INVESTMENT GRADE OPERATOR - The VA carries an AA+ rating from S&P.
  • INFLATION-RESISTANT LEASE STRUCTURE - Provides the Landlord with a more predictable income stream over the life of the lease.
  • AIR FORCE BASE - The Property is conveniently located 8 miles from the Goodfellow Air Force Base.
  • OUTSTANDING ACCESS & VISIBILITY - The Property is visible to a combined 44,851 VPD.
  • INCOME TAX-FREE STATE - Texas is one of only seven states that has no personal income tax.
  • LOW VACANCY RATES - The current vacancy rate for all commercial assets within the local market is 0.5%, significantly lower than the 12.5% average vacancy rate across the U.S.

 


Exclusively Listed By

Toby Scrivner

Senior Vice President
  tscrivner@northmarq.com      918.794.9554
TX Lic. # 452773

Jeff Matulis

Senior Vice President
  jmatulis@northmarq.com      918.794.9525

Christian Vaughan

Vice President
  cvaughan@northmarq.com      918.794.9544

Northmarq

6120 South Yale Ave | Suite 300
Tulsa, Oklahoma 74136


northmarq.com