u.s. department of veterans affairs clinic · [email protected] the united states government is a...
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U.S. DEPARTMENT OF VETERANS AFFAIRS CLINICMONROE, LA
SINGLE-TENANT, 2013 BUILT-TO-SUIT HEALTHCARE FACILITY WITH OVER FIVE YEARS LEFT ON ORIGINAL TERM
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U.S. DEPARTMENT OF VETERANS AFFAIRS MONROE CLINIC
9.19%*2018 CAP
$5,724,224PRICE
1691 BIENVILLE DR, MONROE, LA 71201 (click for map)
100% leased to the U.S. Department of Veterans Affairs
United States of America is a AA+ rated credit tenant
Build-to-suit healthcare facility for Veterans Affairs
VA designed building to allow for an estimated 5,000 SF expansion
Significant tenant improvements into this location
304,271 veterans in LA with 40% over the age of 65
Monroe is a college town
LEASE EXPIRATION9/30/2023
LAND AREA3.5 AC
PPSF$270.98
YEAR BUILT2013
OCCUPANCY100%
RENTABLE SF21,124 SF
*See Income on page 8
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 3
Overview
THE OFFERING is a single-tenant, build-to-suit U.S. Department of Veterans Affairs Clinic in Monroe, LA. The tenant is on an original ten-year term with approximately five and a half years remaining. The VA designed the building for long-term use with an area for additional expansion of 5,000 SF. There are currently 304,271 veterans in Louisiana, of which 40% are over the age of 65.
MONROE IS HOME TO THE 528TH ENGINEER BATTALION, an engineer battalion of the Louisiana Army National Guard. It is part of the 225th Engineer Brigade, one of largest engineer brigades in the United States Army National Guard.
DAVE [email protected] FRANCISCO, CA PH: 415.274.7390CA BRE# 01389761
GREG [email protected], CAPH: 916.208.2500CA BRE# 00483870
Contact the team
IN CONJUNCTION WITH LA LICENSED BROKER: Beau BoxBaton Rouge, [email protected]
THE UNITED STATES GOVERNMENT IS A AA+ CREDIT RATED TENANT
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
MONROE METROPOLITAN AREA is expected to see the largest percentage job growth over the next two years, thanks to public-private partnerships and cooperation at the local, regional, state, and federal levels. The University of Louisiana at Monroe (ULM) is a coeducational public university in Monroe, Louisiana with a total student enrollment of 9,038.
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Investment Highlights
20 20
20
165
165
80
165
BUS 165
BUS 165
TOWER DRIVEDESIARD STREET
ARMAND STREET
BIE
NV
ILLE
DRI
VE
N 18TH STREET
S 18TH STREET
UNIVERSITY OF
LOUISIANA MONROE
ST. FRANCIS COMMUNITY
HEALTH CENTER
MONROE SURGICAL HOSPITAL
ST. FREDERICK
HIGH SCHOOL
SALLIE HUMBLE
ELEMENTARY
LEE JUNIOR
HIGH SCHOOL
OUACHITA JUNIOR
HIGH SCHOOL
CARVER ELEMENTARY
MONROE CIVIC
CENTER
CARROLL JUNIOR HIGH
SCHOOL
CARROLL HIGH
SCHOOL
BOOKER T. WASHINGTON
SCHOOL
®
SHERROUSE SCHOOL
JS CLARK MAGNET SCHOOL
CITY OF MONROE
OUACHITA PARISH
OUACHITA PARISH
OUACHITA PARISH
CITY OF MONROE
ST. FRANCIS MEDICAL CENTER
LINCOLN ELEMENTARY
LEXINGTON ELEMENTARY
SHREVEPORT
51,832 VPD
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
20,146 VPD
17,300 VPD
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Aerial
Custom Map
Source: ©2017 Esri.
January 19, 2018
©2018 Esri Page 1 of 1
ULM School of Pharmacy Affinity Health GroupMonroe Surgical HospitalSt. Francis Health CenterWalmart SupercenterPlanet Fitness
Super 1 FoodsWalgreensSocial Security Admin.O’Reilly Auto PartsRite AidHibbett Sports
WhataburgerArby’sAT&TSprintBurger King
BUSINESS SUMMARY
KEY 1-MILE 3-MILES 5-MILES
TOTAL 1-MILE 3-MILES 5-MILES
Businesses 1,070 3,491 5,312
Employees 11,157 41,220 65,440
Residential Population 5,581 44,923 85,786
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Submarket Overview
RETAILERS IN CLOSE PROXIMITY INCLUDE:
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Subject Property
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
239757
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Income & Expense
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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Rent Roll
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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10 Year Cash Flow
BIENVILLE DRIVE
MONUMENT SIGN
BIENVILLE DRIVE
BRO
AD
MO
OR
BO
ULE
VARD
11This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
98SPACES
21,124RENTABLE SF
3.50ACRES
VA DESIGNED THE BUILDING TO ALLOWFOR AN ADDITIONAL APPROXIMATE
5,000+ SF EXPANSION
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Site Plan
OUTPATIENT SITES1,221
The United States Department of Veterans Affairs (VA) is a federal Cabinet-level agency that provides near-comprehensive healthcare services to eligible military veterans at VA medical centers and outpatient clinics located throughout the country. VA operates the nation’s largest integrated health care system, with more than 1,700 hospitals, clinics, community living centers, domiciliaries, readjustment counseling centers, and other facilities.
The benefits provided include healthcare services, disability compensation, vocational rehabilitation, education assistance, home loans, life insurance and burial benefits. The Department of Veterans Affairs is headed by the Secretary of Veterans Affairs, appointed by the President with the advice and consent of the Senate. The Department of VA employs approximately 377,805 people at thousands of Veterans Affairs medical facilities, clinics, and benefits offices.
THE UNITED STATES DEPARTMENT OF VETERANS AFFAIRS (VA)
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
VET CENTERS300 HOSPITALS144REGIONAL OFFICES56
2018BUDGET$186.5 B
INCREASE FROM 2017 BUDGET5.8%
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Tenant Overview
POPULATION
1-MILE 3-MILES 5-MILES
2010 5,423 44,690 83,989
2017 5,581 44,923 85,786
2022 5,717 45,383 87,425
2017 HH INCOME
1-MILE 3-MILES 5-MILES
Average $82,442 $62,531 $58,827
Median $52,829 $35,119 $35,398
TOP EMPLOYERS
EMPLOYER # OF EMPLOYEES
Ouachita Parish School Board 3,015
St. Francis Medical Center 2,500
Chase 2,000
CenturyLink 1,400
University of Louisiana at Monroe 1,200
MONROE
THE AVERAGE HOUSEHOLD INCOME WITHIN A 1-MILE RADIUS
IS OVER $82K
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
VETERAN POPULATION IN LOUISIANA304,27140% of Vets in Louisiana are over the age of 65
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Demographics
MONROE, LOUISIANA
MONROE is the eighth-largest city in the state of Louisiana with a population of 49,297. The city is home to the 528th Engineer Battalion of the Louisiana Army National Guard. Monroe also features the Louisiana Purchase Gardens and Zoo and a number of museums including the Northeast Louisiana Children’s Museum, the Biedenharn Museum and Gardens, the Aviation Military Museum, the Masur Museum of Arts and the Northeast Louisiana Delta African-American Heritage Museum. Monroe is home to the University of Louisiana at Monroe and Louisiana Delta Community College. In Louisiana, the Monroe metropolitan area is expected to see the largest percentage job growth over the next two years, thanks to public-private partnerships and cooperation at the local, regional, state, and federal levels.
THE UNIVERSITY OF LOUISIANA AT MONROE (ULM) is a coeducational public university in Monroe, Louisiana, and is part of the University of Louisiana System. The school is ranked 39th in Top Public Schools within all South Regional Universities. ULM sports teams participate in NCAA Division I. ULM is home to several award-winning groups including the Sound of Today marching band and the competition cheerleading squad.
ENROLLMENT BREAKDOWN
9,038 TOTAL STUDENT ENROLLMENT 7,778 885 375 UNDERGRADUATE GRADUATE OTHER
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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Location Overview
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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ZANDY SMITH RICK SANNER AARON SUSMAN
CHRIS KOSTANECKIZEB RIPPLE CHRIS PETERS
JACK NAVARRA
IN CONJUNCTION WITH LA LICENSED BROKER: Beau BoxBaton Rouge, [email protected]
DAVE [email protected] FRANCISCO, CA PH: 415.274.7390CA BRE# 01389761
GREG [email protected], CAPH: 916.208.2500CA BRE# 00483870
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