414 WI-136 - Veterans Affairs Outpatient Clinic

The Newmark Government Capital Markets team, on behalf of Ownership, is pleased to present qualified investors with the opportunity to acquire a brand-new construction United StatesDepartment of Veterans Affairs (“VA”) Community-BasedOutpatient Clinic (“CBOC”) in Baraboo, Wisconsin (the“Property”). The Property, built in 2024, is a 10,449 rentable square foot state-of-the-art outpatient clinic that is 100%occupied by the VA. The Property features a first-generation lease with the VA which commenced in April 2024 and extends twenty (20) years, expiring in March 2044. The first ten (10)years of the lease are firm (non-cancellable) and feature annual Operating Cost Reimbursement increases of 0.75%. Additionally, the Shell Rent increases every five (5) years by a rate of 2.5%. The Property represents a years-long effort by the VA to increase their access to veterans in the region and the new clinic more than doubles the size of the previous location. The Property will serve the following functions: primary care, physical therapy, nutrition and whole health services, mental health, specialty care, telehealth, social work and laboratory services.