Veterans Affairs Health Care System

Special Purpose for Sale
Catylist Listing ID: 30777402
Property Subtypes: Health Care/Medical
Building Size (RSF): 6,921 SF
Gross Building Area: 8,325 SF
Gross Land Area: 1.02 Acres
Sale Price: $2,247,787
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 6,921 SF
Sale Terms: Cash to Seller
Cap Rate: 5.67%
Last Updated: 12/20/2021

Overview / Comments

On behalf of the Owner, we are pleased to present to qualified Investors the opportunity to own a single-tenant property located in Gallup, NM, and leased to the Veterans Affairs Health Care for a ten-year firm term that runs through April 30, 2025.​ The Outpatient Clinic is designed for the delivery of primary care to eligible veterans including blood draws, routine lab testing, EKGs, and evaluations by doctors.​

The 8,325 square foot single-story masonry building was constructed as a build to suit for the Veterans Administration and is located on a 1+ acre parcel.​

The clinic is situated close to hospitals and clinics which serve western New Mexico, eastern Arizona, and the Navajo Nation.​ Gallup is the major trade center for the area and is located on Interstate 40.​

Financials

Finance Data Year 2020
Net Operating Income $127,355 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Veterans Affairs Health Care
Industry Type Health Care and Social Assistance
Is Renting? Yes
Tenant Business Name Veterans Affairs Health Care
Industry Type Health Care and Social Assistance
Is Renting? Yes

Additional Details

Nearest MSA: Gallup
County: McKinley
Tax ID/APN: 2-105-086-506-411
Zoning: SPECIAL PURPOSE
Property Visibility: Excellent
Highway Access: New Mexico Highway 602
Area Description: The clinic is situated close to hospitals and clinics which serve western New Mexico, eastern Arizona, and the Navajo Nation.​ Gallup is the major trade center for the area and is located on Interstate 40.​
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2015
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Concrete and Masonry construction with pitched roof.
Parking Type: Surface
Parking Description: Paved parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,870 17,236 23,449
Median Age: 32.05 33.21 33.17
Households: 1,727 6,146 8,149

Contact

Photograph of Listing Agent

Tim L House

Team Southwest CRE CARNM CIE Member
Photograph of Listing Agent

Dan K Frady

RE/MAX Combined Investments
CARNM CIE Member
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