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VA Outpatient Clinic (Medical Office)

608 Rollie Moore Dr, Harrisburg, IL 62946

Listing Price: $2,500,000

Cap Rate
8.52%
Gross SF
11,900
Rentable SF
11,900
Price/Gross SF
$210.08
Lot Size
1.50 acres
Year Built
2012

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, the US Department of Veteran Affairs Outpatient Clinic property in Harrisburg, Illinois, located in Southern Illinois approximately 130 miles southeast of St Louis, MO and 178 miles northwest of Nashville, TN.

Located at 608 Rollie Moore Drive features an 11,900 square foot building situated on 1.5 acres of land fully leased, two-tenant retail center anchored by the U.S. Department of Veterans Affairs (VA) Outpatient Clinic. The VA occupies 9000 square feet of the 11, 900 square foot building (75.6 percent). Built to suit in 2012, The VA recently renewed its lease in February 2022 and has seven years remaining on its current lease, backed by the full faith and credit of the U.S. Government, ensuring exceptional income security for investors. The second space is occupied by Luxe Haven Beauty and Wellness salon on a two year gross lease.

The property is situated next a Wal Mart Super Center in an Opportunity Zone and features national chains such as Taco Bell, KFC, Sonic, Dairy Queen, McDonald’s, Burger King, Auto Zone, Maurices, Great Clips, and Dollar Tree.

The property generated net operating income of $217,000 in 2024, offering investors a stable, long-term cash flow stream. The strategic location, directly adjacent to a high-performing Walmart Supercenter, drives consistent traffic and enhances the visibility of the site.

The U.S. Department of Veterans Affairs is a cabinet-level federal agency responsible for providing healthcare, benefits, and services to America’s veterans. The Harrisburg VA Clinic serves as a vital healthcare access point for veterans across Southern Illinois.

Investment Highlights

  • Prime Location - Shadow Anchored by Walmart
  • Government-Backed Lease – U.S. Department of Veterans Affairs, Backed by the Full Faith and Credit of the U.S. Government, with Seven Years Remaining on the Term
  • Stable Income Stream – Property generated over $212,000 Net Operating Income in 2024 and will Generate 217,000 in 2025
  • Essential Service Provider – VA Clinic Serves as a Primary Healthcare Access Point for Veterans Across Southern Illinois
  • The Property is located in an Opportunity Zone

Exclusively Listed By

  • Jake Nowak

    Associate Investments

    (314) 889-2565

    Email Jake

    License(s): MO: 2025007018, IL: 475.216742

    St. Louis

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    Email Dave

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Shopping Strip

VA Outpatient Clinic (Medical Office)

Listing Price: $2,500,000

Cap Rate
8.52%
Gross SF
11,900
Rentable SF
11,900
Price/Gross SF
$210.08
Lot Size
1.50 acres
Year Built
2012

Investment Highlights

  • Prime Location - Shadow Anchored by Walmart
  • Government-Backed Lease – U.S. Department of Veterans Affairs, Backed by the Full Faith and Credit of the U.S. Government, with Seven Years Remaining on the Term
  • Stable Income Stream – Property generated over $212,000 Net Operating Income in 2024 and will Generate 217,000 in 2025
  • Essential Service Provider – VA Clinic Serves as a Primary Healthcare Access Point for Veterans Across Southern Illinois
  • The Property is located in an Opportunity Zone

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, the US Department of Veteran Affairs Outpatient Clinic property in Harrisburg, Illinois, located in Southern Illinois approximately 130 miles southeast of St Louis, MO and 178 miles northwest of Nashville, TN. Located at 608 Rollie Moore Drive features an 11,900 square foot building situated on 1.5 acres of land fully leased, two-tenant retail center anchored by the U.S. Department of Veterans Affairs (VA) Outpatient Clinic. The VA occupies 9000 square feet of the 11, 900 square foot building (75.6 percent). Built to suit in 2012, The VA recently renewed its lease in February 2022 and has seven years remaining on its current lease, backed by the full faith and credit of the U.S. Government, ensuring exceptional income security for investors. The second space is occupied by Luxe Haven Beauty and Wellness salon on a two year gross lease. The property is situated next a Wal Mart Super Center in an Opportunity Zone and features national chains such as Taco Bell, KFC, Sonic, Dairy Queen, McDonald’s, Burger King, Auto Zone, Maurices, Great Clips, and Dollar Tree. The property generated net operating income of $217,000 in 2024, offering investors a stable, long-term cash flow stream. The strategic location, directly adjacent to a high-performing Walmart Supercenter, drives consistent traffic and enhances the visibility of the site. The U.S. Department of Veterans Affairs is a cabinet-level federal agency responsible for providing healthcare, benefits, and services to America’s veterans. The Harrisburg VA Clinic serves as a vital healthcare access point for veterans across Southern Illinois.

Exclusively Listed By

  • Jake Nowak

    Associate Investments

    (314) 889-2565

    Email Jake

    License(s): MO: 2025007018, IL: 475.216742

    St. Louis

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    Email Dave

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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