Brand New VA Outpatient
For Sale
$3,988,000
31 Clark Street, Wilmington, OH 45177
New United States Veterans Affairs outpatient center delivered April 1, 2025 under a 15-year government lease.
Property SizeContact for details
Days on Market48
Property Features for 31 Clark Street
General Information
Standard status
Active
Property subtype
Office
Additional Details
Cap Rate
7.25%
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
(440) 669-1109
Listed By:
Dan Lariccia
Source:
Passovgroup
Added: Jun 25
Changed: Jul 10
Last Checked: Aug 11 at 5:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dan Lariccia
Investment Insights
Based on property information with market context.
This brand new United States Veterans Affairs Outpatient Center is scheduled for delivery to the Tenant on April 1, 2025. The offering includes a 15-year lease with no options to terminate, along with 2.5% annual increases in operating expenses. The United States Government will invest nearly $2M of its own funds for tenant improvement build-out, supporting the healthcare facility’s initial fit-out under the lease structure.
The site was selected by the VA’s selection committee, with the remarks citing its central location in Clinton County and nearby dining, banking, and shopping amenities.
For qualified buyers and investors, the property’s primary appeal is its long-term, government-backed tenancy and lease structure, including built-in operating expense increases. The seller also positions the asset as an ideal 1031 exchange property, and the public remarks cite a 7.25% cap rate.
The site was selected by the VA’s selection committee, with the remarks citing its central location in Clinton County and nearby dining, banking, and shopping amenities.
For qualified buyers and investors, the property’s primary appeal is its long-term, government-backed tenancy and lease structure, including built-in operating expense increases. The seller also positions the asset as an ideal 1031 exchange property, and the public remarks cite a 7.25% cap rate.
Key Highlights
- New VA outpatient center, year built 2025, delivered to the tenant on April 1, 2025
- 15‑year lease to the United States government with no options to terminate
- Lease includes 2.5% annual increases in operating expenses
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 45177, OH
22,349
Population
9,870
Households
2.3
Avg Household Size
40
Median Age
26%
College-Educated
94%
High-School Grad
170.0 sq mi
ZIP Area
131
Density / Sq Mi
$70,483
Median Household Income
$36,980
Median Earnings
$933
Median Rent
$209,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - New United States Veterans Affairs outpatient center delivered April 1, 2025 under a 15-year government lease.
Where is this medical center located?
The property is located at 31 Clark Street Wilmington, OH.
What is the asking price?
The asking price for this property is $3,988,000.
What are key features of this property?
This property features: New VA outpatient center, year built 2025, delivered to the tenant on April 1, 2025; 15‑year lease to the United States government with no options to terminate; Lease includes 2.5% annual increases in operating expenses
