Office•Medical•For Sale

The VA Clinic at Branson Executive Center

5571 Gretna Road, Branson, Missouri 65616

Sale Price $5,300,000
Sale Type Investment
Zoning Commercial
Tenant Yes
Bldg Type Multi-Tenant
Class B
Year Built 2008
Year Renovated 2009
Stories 2
Vacancy 95%
Gross Bldg 39,473 SqFt
Land Area 3.3 Acres
Improvements The site consists of two parcels that are nearly rectangular and total 3.30 acres. The parcel fronts the east right-a-way of a 40' wide ingress/egress easement at Violyn Dr. for approximately 365 feet. The property also fronts the north right of way of Gretna Rd. for just under 119 feet. The approximate dimensions and orientation of the subject site is illustrated elsewhere in this document. The site as several points of access and part of the site is "cross parked" with the strip center located to the east of the subject.
Commission 1.5
The property consists of a one story office building constructed on a partial walk-out basement that has been finished into six separate suites. The building totals 39473 sq. ft. with 23,766 sq. ft. on the main level and 15,707 sq. ft. in the walk out lower level. Approximately 22962 rentable sq. ft. was leased by the Veterans Administration in September 2009. All of the main floor space and approximately 2187 sq. ft. of the lower portion of the building plus the rear staff access to the clinic is leased by the VA. Suite C was split in order to serve the VA and the balance of the suite has remained vacate in order to maintain for possible expansion of the VA. All the other lower level suites are leased. Suites A-B-D&F are fully infilled. Suite C is a "warm white box" Suite E is a "warm grey box" used for climate controlled storage. The VA has notified the owner that they will be exercising another 10-year lease extension. Numerous Capital Improvements Made over the last 5 Years to include a Remodeled XRAY Room, new TPO Roof with 15 yr warranty in 2018 and Additional Parking Lot in 2017. The neighborhood contains a grocery anchored shopping center, two live performance theaters near-by, restaurants, banks, medical clinics and motels. The area businesses support both the tourist as well as the local population. Hwy 248 is the primary East / West coridor that connects both sides of Branson as well as connecting to State Hwy 65 approximately 2 miles East of the subject property.
  • Veterans Administration Clinic Anchors over 63% of the total building
  • A new 10 Year Lease begins on September 2019 With Yearly Cost of Living Increases For Base Rent, CAM's and Pass Through's
  • The clinic serves over 8000 veterans a year
  • Branson Attracts nearly 9 Million visitors a year with a high number of veterans.
  • Branson attracts a large retiree market, many of whom are Veterans
  • Primary Market Area Population is over 85,000 permanent residents

1 Spaces

6/4/2019 12:00:00 AM 9/4/2019 9:23:57 PM
Stephen Critchfield
Commercial One Brokers LLC.


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