Highlights
•2025 Build-to-Suit Brand-new construction with substantial tenant improvements fully funded by the VA •10-Year Absolute Lease Secure, long-term lease with no termination rights, ensuring consistent income •Investment-Grade Federal Tenant Backed by the U.S. Department of Veterans Affairs, rated AA+ by S&P •Prime Decorah, IA Location Situated in a regional healthcare hub with strong demand for expanded veteran services
Description
The Ficke Team of Colliers is excited to offer qualified investors the opportunity to acquire the Department of Veterans Affairs – Community Based Outpatient Clinic (CBOC) located at 1106 Military Blvd, Decorah, Iowa. This 2025 build-to-suit development was purpose-built to meet the stringent requirements of the U.S. Department of Veterans Affairs. The property is secured by a first-generation, 10-year lease with no termination rights, ensuring stable, long-term cash flow supported by an investment-grade federal tenant (S&P AA+ credit). The VA has invested heavily in this mission-critical facility, reinforcing its commitment to providing top-quality healthcare for the growing veteran population in northeast Iowa. Situated in Decorah, the county seat of Winneshiek County, the property benefits from its location in the scenic Upper Iowa River Valley, serving as a regional healthcare hub with a strong and aging population base. The 16,879-square-foot facility sits on 3.18 acres, offering abundant parking and capacity for future expansion. The expanded Decorah CBOC aligns with the VA’s broader initiative to enhance healthcare access in rural America. For Fiscal Year 2025, the VA is operating under a proposed $369.3 billion budget, a 10% increase from FY 2024, aimed at improving medical facilities and expanding support for veterans, caregivers, and families. The new Decorah CBOC will deliver a wide range of services, including primary care, behavioral health, women’s health, and laboratory services. It replaces a smaller clinic, significantly expanding the VA’s regional presence while incorporating the latest federal standards for energy efficiency, sustainability, and accessibility.
Property Documents
1106 Military Blvd Decorah brochure.pdf
4.29 MB
Listing Details
- Tenancy
Single
- Space Type
Office
- Sub Category
Traditional
- Date Listed
9/8/2025
- Ownership Info
Fee Simple
- Ground Lease
No
Property Specifics
- Property Name
U.S. Department of Veterans Affairs
- Year Built
2025
- Building Size
16,879 SF
- Occupancy
100%