Veterans Affairs Outpatient Clinic

2206 North John Redditt Drive - Lufkin Texas 75904

LTV (Loan to Value)	65.00%	Current NOI	$562,474.00
Interest Rate	4.250%	Capital Rate	5.500%
Fixed Term	10 Years	Land Area	+/- 7.00 Acres
Amortization	25 Years	Lease Type	Modified Gross
Loan Amount	$6,647,550.00	Property Type	Medical
Payment	$36,012.31	Property Lease	Outpatient Clinic
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a medical office facility leased to the Department of Veterans Affairs centrally located in Lufkin,Texas. The property is 100% leased to the Department of Veterans Affairs with Fourteen (14) years remaining on a Twenty (20) year lease. The property is located in close proximity to Woodland Heights Medical Center and Memorial Medical Center in Lufkin.

Highlights

Long-Term Lease - Fourteen (14) years remaining on a Twenty (20) year Government backed lease with no termination option.Modified Gross…

Property Description

Lufkin is a city in Angelina County, Texas. Founded in 1882, it is the county seat of Angelina County and is situated in Texas Forest Country, centered between Dallas, Houston and Shreveport, Louisiana. Lufkin is a progressive, proactive and pro-business community and the largest city in central East Texas with a population approaching 40,000. Lufkin's regional hub status brings the daytime population to more than 100,000.