U.S. Department of Veteran Affairs - Decorah, IA

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the Department of Veterans Affairs – Community Based Outpatient Clinic (CBOC) located at 1106 Military Blvd in Decorah, Iowa. The subject property is a 2025 build-to-suit development designed specifically to meet the U.S. Department of Veterans Affairs’ rigorous specifications. This first-generation lease includes a 10-year lease term with no termination options, offering long-term cash flow backed by an investment-grade federal tenant (S&P AA+). The VA has invested substantial capital into this mission-critical facility, which ensures high-quality healthcare access for the growing veteran population in northeast Iowa.

Decorah is the county seat of Winneshiek County, nestled in the scenic Upper Iowa River Valley and home to a robust and aging population. Decorah’s regional medical hub status makes it a natural location for an expanded VA presence. The 16,879-square-foot facility sits on a large 3.18-acre parcel, offering significant space for parking and future growth. The VA’s expanded Decorah CBOC is aligned with its broader federal healthcare initiative to enhance services in rural America.