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Fully Leased - Department of Veteran Affairs 2620 Perkins Creek Dr
11,500 SF Office Building Paducah, KY 42001 £1,892,074 (£165/SF) 9.95% Net Initial Yield
Investment Highlights
- Single Tenant Investment Property with AAA Credit Rating.
- Part of the highly sought after Strawberry Hill Area, in the commerce corridor of Paducah.
- Ideal for Investors seeking a single tenant building with a high CAP rate.
- Located in an area with significant development in progress nearby, increasing property value.
Executive Summary
*Current lease through Feb 2027, listed rental amount reflects the rent change as of Feb 2025. New lease extension waiting to be executed through Feb 2028. Listing numbers are based on new rental rate of $20.45 base and $4psf CAM's.
Tenant Overview
The Veterans Affairs (VA) Outpatient Center is a Community-Based Outpatient Clinic (CBOC) to make access to healthcare easier. Veterans Health Administration(VHA) utilizes 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 networks to include more rural locations, putting access to care closer to home.
Property Facts
Amenities
- Controlled Access
- Security System
- Wheelchair Accessible
- Central Heating
- Suspended Ceilings
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Public Administration
- 11,500 SF
- £16.14
- Triple Net
- Feb 2028
The United States Department of Veterans Affairs (VA) is an agency of the federal government that provides benefits, health care and cemetery services to military Veterans. The Secretary of Veterans Affairs, a cabinet-level official, is appointed by the President with the advice and consent of the Senate. VA is the federal government’s second largest department after the Department of Defense. VA employs many health care professionals and support staff at VA medical facilities across the country. It is also responsible for administering benefits programs for Veterans, their families, and survivors.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Public Administration | 11,500 SF | £16.14 | Triple Net | Feb 2028 |
-
Dawn Arnold -
Abigail Dority -
Arnold Realty Group
Presented by
Fully Leased - Department of Veteran Affairs | 2620 Perkins Creek Dr
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