Extraordinary opportunity to acquire this fully stabilized Medical Office asset anchored by the United States Department of Veterans Affairs Outpatient Clinic who just inked a new 11-year lease with a brand new $2.5m build-out to be completed September 2025. Advocate Home Health and Westside Children's Therapy occupy the other two completely renovated spaces for an impressive roster of high quality NNN medical tenants with a WALT of 7.66, renewal options, and rent increases.
Property features a completely renovated 35,644 (approx.) square foot building with 141 parking spaces on an 83,656 square foot lot. 2025 Projected NOI is an impressive $923,453.
Area features strong demographics, rental rates, occupancy rates and ample traffic with over 40,000 vehicles per day. Average annual household income is $86,763 with an impressive consumer spending of $4.6 Billion. Average Cap rate of comparable Medical Office properties is 6.9%.