VA Outpatient Clinic - Las Vegas
3968 N Rancho Dr
Las Vegas
,
NV 89130-3412
VA Outpatient Clinic - Las Vegas - Healthcare for sale
Overview
JLL is pleased to offer for sale the fee-simple interest in a single tenant, freestanding outpatient clinic for the Department of Veteran Affairs (VA) located in Las Vegas, Nevada. The Asset is subject to a modified gross lease, leased to the United States of America, and features nearly 13 years of primary term remaining. Strategically positioned close to the intersection of North Rancho Drive and State Route 573, this outpatient clinic is the VA’s fourth in greater Las Vegas and covers the northwest portion of the MSA. As a build-to-suit for the VA, the Property serves over 300,000 veterans living in the state of Nevada seeking assistance for non-threatening medical conditions. This offering presents an outstanding opportunity to acquire an investment grade tenant on a long term lease with a high probability of continued occupancy at this site.
Broker of Record
Bret Davis
NV: B.1000836.CORP
Investment Highlights
- Build-to-suit construction in 2011 for the Department of Veterans Affairs, a U.S. Government agency specializing in assisting veterans return to civilian life
- Long lease term remaining with nearly 13 years on the primary term remaining
- Large 8.57 acre parcel on a signalized intersection; Rancho Drive (U.S. Route 95) provides direct access to downtown Las Vegas as well as “The Strip”
- Immense growth projected in Las Vegas, especially surrounding the Subject Property, over the next five years; population anticipated to outpace the national average by 75%
- Investment grade (Moody’s: ‘AAA/Stable’) tenant in the United States of America
- Strategic location for the fourth VA Outpatient Clinic in Las Vegas, covering the northwest portion of the MSA
- Accessible from northwest Las Vegas via North Rancho Drive, State Route 573 and the Bruce Woodbury Beltway; North Rancho Drive and State Route 573 converge just 0.6 miles north of the Asset
- Just 5 and 8 miles from downtown Las Vegas and “The Strip”, respectively, allowing the Property to benefit from Las Vegas’s largest economic driver
FOR INFORMATION, CONTACT:
Megan Hatala
JLL Brokerage, INC.
+1 702 360 4907
megan.hatala@am.jll.com
General | |
Property Type | Healthcare |
Tenure Type | Sale / Purchase |
Property Address | 3968 N Rancho Dr, Las Vegas, NV 89130-3412 |
Land In Acres | 8.57 |
Building Size | 35,187 ft2 |
Financial | |
Price | Unpriced |
Cap Rate | Confidential |
Current NOI | $1,688,699.00 |
Lease | |
Tenant's Name | United States Department of Veterans Affairs |
Credit Rating (S&P) | AA+ |
Credit Rating (Moody's) | Aaa |
Lease Type | Modified Gross |
Annual Rent | $1,801,711.00 |
Lease Expiration Date | 08/19/2031 |
Remaining Term | 12.5Yrs |
Download Offering Memorandum
Presented By
Not available
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