REIT Sale | $1 Reserve - Former VA Outpatient Clinic

Highlights:

• * Excellent Owner/User opportunity to acquire a well-maintained medical office asset
• * Less than 2 miles from the OSF St Mary Medical Center with 83 inpatient beds serving the greater Galesburg area
• * Immediate access to US-34 and N Henderson St allowing for larger local and regional access
• * Numerous nearby retailers, restaurants, and hotels to serve employees, clients, and/or patients

Description:

Colliers, in partnership with Apex Commercial Exchange, is pleased to present for sale the 100 percent fee simple interest in the Former VA Outpatient Clinic (the “Property” or the “Asset”) located at 310 Home Blvd, Galesburg, IL, 61401. The Asset provides an Owner/User of an investor an excellent opportunity to acquire a well-maintained Asset within the market.

Built in 2013, the 9,979 square foot medical office property sits on 2.11 acres near the intersection of Home Blvd and W Carl Sandburg Dr. The Property features an excellent location with immediate access to US-34 and major thoroughfare, N Henderson St.

The Asset is located approximately 2 miles from the OSF Saint Mary’s Medical Center, which is connected to the 16-hospital OSF HealthCare system. The Medical Center features 83 inpatient beds to serve their patients, offering primary care, outpatient services, and specialty services to individuals within the greater Galesburg area.

The Property is located in close proximity to numerous national retailers and restaurants which can serve the employees, clients, and/or patients. Some major nearby retailers include Lowe’s Home Improvement, Tractor Supply Company, Target, Walmart, Menards, ALDI, Marshalls, PetSmart, Harbor Freight, Hy-Vee, The Salvation Army, Kohl’s, Slumberland Furniture, Rent-A-Center, AutoZone, Advance Auto Parts, Walgreens, and Planet Fitness. Nearby restaurants include Jersey Mike’s Subs, Subway, Little Caesars, Buffalo Wild Wings, Arby’s, Pizza Hut, Culver’s, McDonald’s, Wendy’s, KFC, Taco Bell, Dairy Queen, and a wide array of local establishments.

Additionally, the Asset is located in near multiple hotels including the Fairfield Inn & Suites, Quality Inn, and American Inn. Other draws to the area include the AMC CLASSIC Movie Theater and YMCA of Knox County.

Overall, the Asset features an excellent opportunity for an Owner/User or Investor to purchase a well-maintained Asset in a well-performing market for repositioning or re-leasing,