Description

The Ficke Team of Colliers has been exclusively retained to market the Veteran Affairs Community Based Outpatient Clinic (VA CBOC) located at 816 Featherstone Road, a 31,274-square-foot build-to-suit facility completed in 2012 on 3.86 acres. The property is fully leased to the United States Department of Veterans Affairs with approximately seven years of firm term remaining through May 2032, offering a recession-resistant investment backed by the full faith and credit of the U.S. Government (Moody’s Aaa). Designed to LEED Silver standards, the clinic features sustainable elements including a geothermal HVAC system, along with specialized medical buildout such as physician offices, treatment rooms, labs, pharmacy, and diagnostic services, complemented by recent interior upgrades in 2024. The VA has also evaluated a potential 9,300-square-foot expansion, which, if funded, could lead to a new long-term lease and increased rental income, highlighting future upside. Located in Rockford—the largest city in the state outside the Chicago metropolitan area—the asset benefits from a diverse employment base including Fiat Chrysler Automobiles, Mercyhealth, SwedishAmerican Health System, OSF HealthCare, Collins Aerospace, Walmart, and Harley-Davidson, supporting long-term tenant demand and investment stability.