Department of Veteran Affairs – Paducah, KY

Department of Veteran Affairs
2620 Perkins Creek Dr, Paducah, KY 42001, USA

We are pleased to exclusively offer for sale the 11,500 SF Department of Veteran Affairs facility located at 2620 Perkins Creek Drive in Paducah, KY. The property operates as a Community-Based Outpatient Clinic (CBOC), delivering primary care, mental health services, and a variety of specialty outpatient services. The clinic is supported by seven providers across approximately 9 specialties, ensuring consistent patient demand and essential healthcare services for the surrounding community, providing for a strong and stable investment opportunity.

  • In 2017, the VA established operations at this location, delivering a full build-out to conform with rigorous federal government specifications.
  • The facility operates as a Community-Based Outpatient Clinic (CBOC), providing primary care, mental health services, and a range of specialty outpatient services, supported by seven providers across approximately 9 specialties.
  • Serves a regional veteran population across western Kentucky and southern Illinois.
  • Functions as a key rural healthcare hub with a multi-state catchment spanning KY, IL, MO, and parts of TN.
  • VA leases have demonstrated historically high renewal rates, generally ranging between 80% and 90%.
  • The property is conveniently located within approximately 10 minutes of 2 major hospitals, Baptist Health Paducah and Lourdes Hospital.
  • The property is located adjacent to major national retailers, including Walmart and Home Depot.
  • Serving a multi-county, multi-state veteran population, the clinic is well-positioned near I-24, the US-60 and US-45 corridors, and a dominant retail and commercial corridor.
  • Based on available records, the current lease began in 2017, and ownership does not have documentation of any earlier agreements. However, historical Google imagery shows the VA operating at this location as early as 2008, indicating the property was likely originally developed as a build-to-suit for the tenant.

 

In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker – Lic. #260997 BoR: Scott Reid – Lic. KY #260934

Department of Veteran Affairs
2620 Perkins Creek Dr, Paducah, KY 42001, USA

Department of Veteran Affairs

The Department of Veterans Affairs (VA) is the United States federal agency responsible for providing a comprehensive health care system to U.S. military veterans. Established initially in 1930, and with origins dating back to care initiatives from 1865, the VA has grown into the nation’s largest integrated veteran-care network. Through its healthcare arm, the Veterans Health Administration (VHA), the VA delivers a range of services — from primary care and emergency services to specialized care including surgery, mental health, physical rehabilitation, long-term care, and research. Across the country, VA clinics and medical centers number in the thousands, ensuring access for millions of enrolled veterans annually. With roughly 170 full-service hospitals and over 1,200 community-based outpatient clinics, the VA serves as a crucial pillar of veteran health care.

Price

$2,424,952

Cap Rate

9.75%

PREMISES

11,500 SF

RENEWAL OPTIONS

Exhausted

Lease Expiration

01/31/2028

Lease Type

Gross

RENTAL INCREASES

Exhausted

BROKERS

Cole Koepsell
Charleston

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch