Single-Tenant Office
SSA with Recent Lease Renewal in Tax-Free State | Build to Suit with Recent Repairs
1070 Vendall Rd, Dyersburg, TN 38024
Listing Price: $1,559,000
Cap Rate
8.00%
Gross SF
9,558
Rentable SF
9,558
Price/Gross SF
$163.11
Lot Size
1.02 acres
Year Built
2003
Investment Overview
Marcus & Millichap is pleased to bring to market the Social Security Administration Office located in Dyersburg, Tennessee.
SSA with Recent Lease Renewal in Tax-Free State | Build to Suit with Recent Repairs
Investment Highlights
- Only Social Security Administration (SSA) Within 50-Mile Radius | Supports a Local Population of Over 23,000 Residents
- SSA Chose to Exercise Five-Year Renewal Option with No Negotiation | (One) Five-Year Option Remaining in 2028 with 15 Percent Increase in Shell Rent
- Build-to-Suit Facility for SSA in 2002 with Updates in 2013 and a Driveway Resurfacing/Restriping in 2016 | Durable Rubber Membrane Roofing | Property Recently had HVAC and Roof Repairs
- Property is Situated Along a Major Retail Corridor with Multiple National Tenants Including: Kroger, Wendy's, McDonald's, KFC, Chick-fil-A, Pizza Hut, Burger King, CVS, Shell, Advance Auto Parts and More
- Lease is Guaranteed by GSA, an S&P AA+ Credit Rated Tenant
- Strong Demographics: Over 34,000 Residents Within 10-Miles and Projected to Increase by 2027
Exclusively Listed By
Broker of Record
Financing By
Single-Tenant Office
SSA with Recent Lease Renewal in Tax-Free State | Build to Suit with Recent Repairs
Listing Price: $1,559,000
Cap Rate
8.00%
Gross SF
9,558
Rentable SF
9,558
Price/Gross SF
$163.11
Lot Size
1.02 acres
Year Built
2003
Investment Highlights
- Only Social Security Administration (SSA) Within 50-Mile Radius | Supports a Local Population of Over 23,000 Residents
- SSA Chose to Exercise Five-Year Renewal Option with No Negotiation | (One) Five-Year Option Remaining in 2028 with 15 Percent Increase in Shell Rent
- Build-to-Suit Facility for SSA in 2002 with Updates in 2013 and a Driveway Resurfacing/Restriping in 2016 | Durable Rubber Membrane Roofing | Property Recently had HVAC and Roof Repairs
- Property is Situated Along a Major Retail Corridor with Multiple National Tenants Including: Kroger, Wendy's, McDonald's, KFC, Chick-fil-A, Pizza Hut, Burger King, CVS, Shell, Advance Auto Parts and More
- Lease is Guaranteed by GSA, an S&P AA+ Credit Rated Tenant
- Strong Demographics: Over 34,000 Residents Within 10-Miles and Projected to Increase by 2027
Investment Overview
Marcus & Millichap is pleased to bring to market the Social Security Administration Office located in Dyersburg, Tennessee.
Exclusively Listed By
Broker of Record
Financing By
