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33682526
33682323

608 Rollie Moore Drive, Harrisburg, IL 62946

DS
IL 475185449, MO 2008013520 (+1)
Marcus & Millichap
JN
IL 475216742, MO 2025007018
Marcus & Millichap
SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap, Marcus & Millichap - Chicago Oak Brook
$2,400,000
9 days on market
Updated 3 days ago

VA Outpatient Clinic (Medical Office) | 10.02% Cap

Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 11,900
Net Rentable (SqFt) 11,900
Cap Rate 10.02%
NOI $240,530
Occupancy 100%
Tenancy Multi
Brand/Tenant US Department of Veterans Affairs
Lease Type NN
Lease Term 10
Lease Expiration 02/13/2032
Remaining Term 5.6
Pro-Forma Cap Rate 10.33%
Pro-Forma NOI $247,984
Price per SqFt $202
Year Built 2012
Buildings 1
Acreage 1.500
Zoning Commercial
Parking Spaces 90 spaces
Parking Per SqFt 7.56
Investment Type Stabilized
Lease Commencement 02/14/2022
Ground Lease No

VA | Walmart Shadowed | Gov. Guarantee

Marketing description

Marcus & Millichap is pleased to exclusively offer for sale the U.S. Department of Veterans Affairs Outpatient Clinic property in Harrisburg, Illinois. Harrisburg is 130 miles southeast of St. Louis, Missouri, and 178 miles northwest of Nashville, Tennessee.

Located at 608 Rollie Moore Drive, the property features an 11,900-square-foot building situated on 1.5 acres of land and is fully leased to two tenants. The property is anchored by the U.S. Department of Veterans Affairs (VA) Outpatient Clinic, which occupies 9,000 square feet (75.6%) of the building. Constructed as a build-to-suit facility in 2012, the VA lease runs through February 2032 and has firm term through February 2027. As a federal agency tenant, the lease is backed by the full faith and credit of the U.S. Government. The remaining space is occupied by Luxe Haven Beauty and Wellness Salon under a two-year gross lease.

The property is situated adjacent to a Walmart Supercenter within an Opportunity Zone. It benefits from proximity to numerous national retailers, including Taco Bell, KFC, Sonic, Dairy Queen, McDonald's, Burger King, AutoZone, Maurices, Great Clips, and Dollar Tree.

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 throughout Southern Illinois.

Investment highlights

Prime Location - Shadow Anchored by Walmart

Stable Income Stream – Property is generating over $240,000 Net Operating Income in 2026

Opportunity Zone - The property is located in an Opportunity Zone

Government-Backed Lease – U.S. Department of Veterans Affairs, Backed by the Full Faith and Credit of the U.S. Government

Essential Service Provider – VA Clinic Serves as a Primary Healthcare Access Point for Veterans Across Southern Illinois

Listing Contacts

DS
IL 475185449, MO 2008013520 (+1)
Marcus & Millichap
JN
IL 475216742, MO 2025007018
Marcus & Millichap
SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap, Marcus & Millichap - Chicago Oak Brook

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,530.00
$20,044.17/mo

Valuation Metrics

0
DSCR
10.02%
Cap Rate
10.02%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
Name
Dave Saverin
License
475185449
Brokerage
Marcus & MIllichap
Brokerage Phone
3148892555
Title
Real Estate Broker
Name
Jake Nowak
License
475216742
Brokerage
Marcus & Millichap
Brokerage Phone
3148892565
Title
Associate Investments
Name
Steven Weinstock
License
IL 471011175
Brokerage
Marcus & Millichap
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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