3001 Jefferson Ave

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale a freestanding CenterWell Senior Primary Care Clinic (the “Property”) on a new 10-year, corporately guaranteed, NNN lease located in Newport News, Virginia. The Property sits in an Opportunity Zone and is currently under construction with completion scheduled for mid-2024, giving investors the ability to close prior to final certificate of occupancy approval, which may provide potential for significant capital gains tax savings. CenterWell, a
Humana company, is the nation’s leading senior primary care provider with over 250 locations and approximately $3.0 billion in annual revenues. Additionally, CenterWell’s investment at the Property is north of $1 million, furthering their commitment to the location. The Property sits directly off I-664 within the Hampton Roads region across the street from Huntington Ingalls Industries Newport News Shipbuilding which employs over 25,000 workers and generates nearly $5.8 billion in annual revenues. Additional surrounding demand
drivers include a recently constructed Fresenius Health Care ($4.6MM project; 15 year lease), Piggly Wiggly, Virginia ABC, Family Dollar, and Dunkin’ within a short walk from the Property. CenterWell strategically chose this clinic location due to the high concentration of
senior-age adults, heavy reliance on Medicaid and Medicare for primary care needs, and a severe lack of quality healthcare options in the surrounding area. The combination of long-term credit tenancy, passive NNN lease with rent escalations, and brand new construction makes CenterWell Senior Primary Care an ideal investment opportunity.