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Single-Tenant Office

2620 Perkins Creek Drive

2620 Perkins Creek Dr, Paducah, KY 42001

Listing Price: $2,500,000

Cap Rate
6.36%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$250.00
Lot Size
1.23 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present a single-tenant government-leased office building occupied by the United States Veterans Affairs (VA) – Outpatient Clinic. This is a brand-new, first generation 10-year lease signed in 2017. The VA is a single-story 10,000-square foot office building located in Paducah, Kentucky. The building was renovated in 2017 to meet with all Veterans Affairs’ requirements. The property is in a very busy retail corridor which includes Walmart Supercenter, The Home Depot, The UPS Store, Cracker Barrel, IHOP, Starbucks, and many more. The Veterans Affairs (VA) – Outpatient Center is a Community-Based Outpatient Clinic to make access to healthcare easier, Veterans Health Administration (VHA) utilizes Community-Based Outpatient Clinics (CBOC) across the country. These clinics provide the most common outpatient services, including health and wellness visits, without the hassle of visiting a larger medical center. VHA continues to expand the network of CBOC’s to include more rural locations, putting access to care closer to home. The offering is ideal for an investor who is seeking a single credit tenant building occupied by the United States Government with a high going-in capitalization rate of 6.36%. The opportunity is a first-generation lease which historically has a 99% renewal rate on lease expiration.

Investment Highlights

  • Single Tenant Investment Property with AAA Credit (Moody's) - US Government
  • Brand New First Generation 10-year Lease Signed in 2017
  • Occupied by U.S. Department of Veterans Affairs - Outpatient Clinic
  • Completely Remodeled to the Specifications of the Veterans Affairs in 2017

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Single-Tenant Office

2620 Perkins Creek Drive

Listing Price: $2,500,000

Cap Rate
6.36%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$250.00
Lot Size
1.23 acres
Year Built
2005

Investment Highlights

  • Single Tenant Investment Property with AAA Credit (Moody's) - US Government
  • Brand New First Generation 10-year Lease Signed in 2017
  • Occupied by U.S. Department of Veterans Affairs - Outpatient Clinic
  • Completely Remodeled to the Specifications of the Veterans Affairs in 2017

Investment Overview

Marcus & Millichap is pleased to present a single-tenant government-leased office building occupied by the United States Veterans Affairs (VA) – Outpatient Clinic. This is a brand-new, first generation 10-year lease signed in 2017. The VA is a single-story 10,000-square foot office building located in Paducah, Kentucky. The building was renovated in 2017 to meet with all Veterans Affairs’ requirements. The property is in a very busy retail corridor which includes Walmart Supercenter, The Home Depot, The UPS Store, Cracker Barrel, IHOP, Starbucks, and many more. The Veterans Affairs (VA) – Outpatient Center is a Community-Based Outpatient Clinic to make access to healthcare easier, Veterans Health Administration (VHA) utilizes Community-Based Outpatient Clinics (CBOC) across the country. These clinics provide the most common outpatient services, including health and wellness visits, without the hassle of visiting a larger medical center. VHA continues to expand the network of CBOC’s to include more rural locations, putting access to care closer to home. The offering is ideal for an investor who is seeking a single credit tenant building occupied by the United States Government with a high going-in capitalization rate of 6.36%. The opportunity is a first-generation lease which historically has a 99% renewal rate on lease expiration.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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