Investment Overview

A 100% DEPRECIABLE LEASEHOLD INTEREST The interest for sale is the leasehold interest in the building improvements and surrounding premises of this high quality medical site. The underlying land is controlled by an unrelated third party owner, and leased to the investor as outlined in the Ground Lease Abstract. An investor will receive its rent directly from Patient First, who pays all ground rent directly to the ground owner. The ground lease term mirrors the leasehold lease, with approximately nine years of base term remaining and eight, five-year options to renew. With nearly 50 years of control, this provides an investor or future user of this Class “A” medical building the rights to a high yield income stream with decades of control of the site. If the subtenant (Patient First) were to vacate, the investor has the rights to occupy the building (and pay the ground rent), or secure a new tenant (while also paying the ground rent). It is notable that an investor will also have a highly valued first right of refusal to purchase the ground lease position. SIGNALIZED CORNER LOCATION WITH 33,000 VPD The 7,136-square-foot facility was constructed to Patient First’s prototype in 2016, featuring 12 patient rooms. Situated upon 1.07 acres, the property is positioned at a signalized intersection with two primary means access and an additional access point via the parking field of the neighboring Virignia ABC and retail strip center. It is adjacent to a CVS Pharmacy, which brings steady daily traffic to the site and provides excellent synergy. The tenant is supported by exceptional demographics, with 113,326 residents within three-miles with average household income of $165,956. Fairfax County is currently the fifth-wealthiest county in the United States, with a median household income of $150,113. PROMINENT ROUTE 50 LOCATION OFF I-66 The Property is prominently postioned along Fairfax Boulevard (U.S. Routes 29/50), one of Fairfax’s primary east-west commercial corridors, carrying 33,000 vehicles per day. The site benefits from exceptional regional accessibility, with Interstate-66 running parallel to the corridor and the Chain Bridge Road (Route 123) interchange located approximately one mile northwest. Together, these routes provide direct connectivity to Tysons, Arlington, Washington, D.C., and the broader Fairfax County market, while also serving the dense residential communities that surround the corridor. This accessibility allows Patient First to draw patients from Fairfax, Oakton, Vienna, Burke, Merrifield, and Annandale. #1 LARGEST URGENT CARE BRAND IN THE REGION Patient First is a privately held regional chain of urgent care centers in the Mid-Atlantic region. Patient First offers Primary Care, Urgent Care and Occupational Health Services with on-site Lab tests, prescription drugs and X-Rays. The company, which is based in Glen Allen, Virginia, opened its first medical center in 1981 and now has 79 locations, which makes it the largest brand in the MidAtlantic. Initially opening in the Richmond area, the tenant went on a significant expansion into the Washington, DC, Baltimore, and Philadelphia markets over the last decade. In the Washington D.C. region, the company has 35 locations. It is a well-respected brand that has associated with worldrenowned hospital chains, and in its four market areas, commands dominant market share making it among the top 10 largest urgent care chains in the United States.