608 Rollie Dr - Storefront Retail/Office FOR SALE


Harrisburg, IL 62946
$2,700,000 USD
314-889-2555
608 Rollie Dr, Harrisburg, IL for Sale
$2,700,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 8.04% Cap Rate

608 Rollie Dr
Harrisburg, IL 62946


HIGHLIGHTS

  • The Property is located in an Opportunity Zone
  • 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
  • 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.

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.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

8.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

06-2-197-24

ASK ABOUT THIS PROPERTY

Dave SaverinMarcus & MillichapMore Info
314-889-2555

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Dave SaverinMarcus & MillichapMore Info
314-889-2555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.