The Merced VA Outpatient Clinic is a single-tenant medical facility that is 100% leased to the Veterans Administration. The building is single-story, with steel construction and stucco exterior. The finish-to-suit construction was completed for the VA in May 2010. The building features high-quality construction, meeting the strict standards of the U.S. Government. The VA occupies this building on a 10-year lease, with no termination rights. The lease is guaranteed by the United States of America, which has the highest grade credit available. The lease features annual rent increases of 2.5%, which is rare for a Federal Government lease. The building is part of a three building office condo project known as "Millennium Center." It is located next to the Millennium Sports Center, a full service fitness facility offering fitness training, swimming, tennis, racquetball, and aerobics. The property is located in a fast growing area of North Merced on East Yosemite Avenue, which is a major thoroughfare just minutes from the new UC Merced campus. It is also in immediate proximity to Merced College.