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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.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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