U.S. Fish & Wildlife Services

694 Beverly Pike - Elkins WV 26241

LTV (Loan to Value)	65.00%	Current NOI	$54,124.00
Interest Rate	4.250%	Capital Rate	9.400%
Fixed Term	10 Years	Land Area	0.25 Acres
Amortization	25 Years	Lease Type	Gross
Loan Amount	$373,750.00	Property Type	Retail
Payment	$2,024.75	Property Lease	GSA
Bulding Size	5,343 SF	Remaining Terms	10 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the U.S. Fish & Wildlife Services property located at 694 Beverly Pike, Elkins, West Virginia (the “Property”). This single-tenant property has a new lease signed by the U.S. Government for ten (10) years, with rent commencing on January 1, 2015. The first five years of the lease are firm term with no cancellation rights. Substantial tenant improvements and building modifications were performed by seller and paid for by the GSA in lump sum payments, and only nominal building specific security improvements ($481 annually) are amortized into the rent. Consequently, there is very little drop off in rent between the first five years and the second five years of the lease term. This U.S. Fish & Wildlife Services facility was chosen to be the agency's sole field office for the state of West Virginia. It is situated at the crossroads of major U.S. highways, but within easy reach of the Monongahela National Forest and the Seneca Rocks National Recreation Area.

Highlights

New 10-year lease. 100% leased and guaranteed by the US Federal Government (S&P AA+) – Five years firm, with almost…

Property Description

Elkins is a city in and the county seat of Randolph County, West Virginia. The population was 7,094 at the 2010 census. Elkins is home to the Mountain State Forest Festival, the Augusta Heritage Center at Davis and Elkins College, the Randolph County Community Arts Center, and the headquarters of the Monongahela National Forest. Major employers include the Randolph County school system, Elkins & Davis College, National Park Service, Aegis Communications Group and Davis Health System. Named one of the top 100 best small towns and best arts towns in America, Elkins offers a quiet and safe community at the center of West Virginia's Mountain Highlands. Perfectly positioned at the crossroads of all major roads in the region, it's easy to see why Elkins has earned the reputation of being a good “base camp” from which to enjoy everything in the area.