32 Pleasant St Wood Stock, VT 05091

The Dartmouth-Hitchcock’s Ottauquechee Health Center is a two-tenant medical office building located in Woodstock, Vermont. Constructed in 2015, the building has 15,522 square feet and is 100% leased. The tenants are Windsor Hospital Corporation d/b/a Mt. Ascutney Hospital and Health Center, owned by Dartmouth Health, and Whitam K. Van Meter, D.D.S., a local dentist. Both tenants have leased the property since its construction and continue to operate their respective services, yielding an 8.82 year WALT. Dartmouth Health has 10.11 years remaining on their lease with two, 5-year renewal options and annual CPI rent bumps with a 2% floor & 5% ceiling. Whitam K. Van Meter, D.D.S. has 1 year remaining on the lease with no remaining options. The leases are triple-net (NNN) with minimal landlord obligations. Dartmouth Health is one of the nation’s leading healthcare systems, sourcing over $3 billion in annual revenue across their 9 hospitals & clinics. Dartmouth Health currently has over 2,300 medical doctors and 16,000 employees that care for more than 3 million patients annually. Whitam K. Van Meter, D.D.S., provides a variety of dental care services for patients of all ages. The 1,605 square foot dental space can be expanded into by Dartmouth Health, who has expressed interest historically. Within a 2 mile radius of the health center, the median home value surpasses $550,000 with the average household income exceeding $144,000. Within a 10 mile radius, over 18,000 people reside with a median graduate degree percentage of 53.27%.