Investment Overview

Marcus & Millichap is pleased to present this single-tenant medical office located at 7237 Route 7, Pownal, Vermont. The building was constructed new in 2015 and comprises of 5,085 square feet located on 5.27 acres of land. The building is 100 percent occupied by Southwestern Vermont Health Care Pownal Campus - Dartmouth Hitchcock Physician Group with an S&P credit rating of “A”. The tenant operates under an absolute-net lease structure with 10 percent rental increases every five-year period. There are 16 years remaining on the initial 25-year lease, with one 15-year renewal option still available. The lease is backed by a corporate guarantee from Dartmouth Hitchcock Health. Southwestern Vermont Medical Center, a member of Dartmouth Health, is an integrated non-profit health system with a proud 100- year history as an innovator in health care delivery. It includes a 99-bed hospital, 25 primary care and specialty care practices, two nursing homes, and a foundation at nine total locations in Bennington and nearby New York and Massachusetts. Through visionary partnerships with Dartmouth Health, Castleton University, and others, nearly 1,400 employees emulate the values of quality, empathy, safety, teamwork and stewardship to fulfill their mission of exceptional care and comfort for the 75,000 people they serve. Route 7 in Pownal, Vermont, is part of U.S. Route 7, a major North-South highway that runs through Western Vermont. In the Southwestern corner of the state, Route 7 plays a crucial role, connecting Pownal to surrounding communities and regions. The highway follows a path parallel to the New York state line, winding through rural landscapes and small towns, with scenic views of the Green Mountains to the east and the Taconic Range to the west. Williamstown, MA, and Pownal, VT, are neighboring towns in the scenic Berkshire region of New England, located just 8 to 10 miles apart—a short 15-20 minute drive along Route 7. Williamstown, situated in the northwestern corner of Massachusetts near the borders of Vermont and New York, is renowned for its picturesque rolling hills, rural charm, and outdoor activities such as hiking and skiing. It is also home to cultural institutions like Williams College and the Clark Art Institute. Pownal, located on the Vermont-Massachusetts border, acts as a gateway to the Berkshires for travelers coming from the north. Its close proximity makes it easy to access the region’s renowned cultural landmarks, including Tanglewood (the summer home of the Boston Symphony Orchestra), the Clark Art Institute in Williamstown, MASS MoCA in North Adams, and the Norman Rockwell Museum in Stockbridge.