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Office Medical

Childersburg VA Clinic

151 9th Ave NW, Childersburg, AL 35044

Listing Price: $2,800,000

Cap Rate
5.46%
Gross SF
7,800
Rentable SF
7,500
Price/Gross SF
$358.97
Occupancy
100.0%
Year Built
2009
Lot Size
2.20 acres

Investment Overview

Marcus & Millichap is pleased to exclusively present to qualified Investors the opportunity to own a single tenant property located in the Birmingham suburb of Childersburg, AL and 100% leased to the Veterans Administration. The Childersburg VA Clinic was developed for the VA in 2009 with a 10-year term that was recently extended for an additional ten years (5) which runs through April 30, 2032. The Community Based Outpatient Clinic is designed for delivery of primary care to eligible veterans including blood draws, routine lab testing, EKGS and pharmacy services. The 7,900 square foot single story masonry building sits on a 1+ acre parcel just off US 280, 30 miles southeast of Birmingham, Alabama’s largest city. It features high quality construction, meeting the strict standards of the U.S. Government. The clinic is part of the Birmingham VA Health Care System and is strategically located 30 miles SE of Birmingham on the Shelby/Talladega County border. As seen on page 8, the clinic sits on the far SE corner of the Birmingham metro, with the closest clinic to the south (Tuskegee) 81 miles away. The Childersburg VA Clinic is ideal for an investor who is seeking a stable cash flow from one of the highest credit tenants available with a 95% renewal probability.

Investment Highlights

  • VA Just Renewed for 10 Years Including 5 Years Firm
  • Standard & Poor's AA+ Investment Grade Tenant
  • 2009 Class A Construction Build-to-Suit Office Designed to Leed Silver Specifications
  • Strategically located 30 miles SE of Birmingham off US Hwy 280 Serving A Four-County Area of 300,000

Exclusively Listed By

Office Medical

Childersburg VA Clinic

Listing Price: $2,800,000

Cap Rate
5.46%
Gross SF
7,800
Rentable SF
7,500
Price/Gross SF
$358.97
Occupancy
100.0%
Year Built
2009
Lot Size
2.20 acres

Investment Highlights

  • VA Just Renewed for 10 Years Including 5 Years Firm
  • Standard & Poor's AA+ Investment Grade Tenant
  • 2009 Class A Construction Build-to-Suit Office Designed to Leed Silver Specifications
  • Strategically located 30 miles SE of Birmingham off US Hwy 280 Serving A Four-County Area of 300,000

Investment Overview

Marcus & Millichap is pleased to exclusively present to qualified Investors the opportunity to own a single tenant property located in the Birmingham suburb of Childersburg, AL and 100% leased to the Veterans Administration. The Childersburg VA Clinic was developed for the VA in 2009 with a 10-year term that was recently extended for an additional ten years (5) which runs through April 30, 2032. The Community Based Outpatient Clinic is designed for delivery of primary care to eligible veterans including blood draws, routine lab testing, EKGS and pharmacy services. The 7,900 square foot single story masonry building sits on a 1+ acre parcel just off US 280, 30 miles southeast of Birmingham, Alabama’s largest city. It features high quality construction, meeting the strict standards of the U.S. Government. The clinic is part of the Birmingham VA Health Care System and is strategically located 30 miles SE of Birmingham on the Shelby/Talladega County border. As seen on page 8, the clinic sits on the far SE corner of the Birmingham metro, with the closest clinic to the south (Tuskegee) 81 miles away. The Childersburg VA Clinic is ideal for an investor who is seeking a stable cash flow from one of the highest credit tenants available with a 95% renewal probability.

Exclusively Listed By

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