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Single-Tenant Office

Social Security Administration (SSA)

1070 Vendall Rd, Dyersburg, TN 38024

Listing Price: $1,068,294

Cap Rate
8.50%
Gross SF
9,558
Rentable SF
9,558
Price/Gross SF
$111.77
Lot Size
1.02 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this single tenant Social Security Administration (SSA) office located in Dyersburg, Tennessee. This 9,036-square-foot office property was build to suit for SSA in 2002 and has since had interior updates in 2013 as part of its lease renewal and its parking lot was resurfaced and restriped in 2016. There are over two years remaining on its second 10-year gross lease. The property sits on a large 1.02 acre parcel and features a large parking lot with 40 spaces and landscaping on each side. The site is located just off of US-51 near a dense retail corridor and I-155 near the Dyersburg Mall and a Walmart Supercenter. This is the only SSA location within a 50-mile radius serving a large area exceeding 23,000 people. Dyersburg is a city and the county seat of Dyer County, Tennessee, in the United States. It is located in northwest Tennessee, 79 miles northeast of Memphis on the Forked Deer River. Dyersburg has several public parks, recreational centers, and swimming pools. Reelfoot Lake State Park is located 28 miles to the north in Lake and Obion counties.

Investment Highlights

  • Only Social Security Administration within 50-Mile Radius
  • Supports a Local Population of Over 23,000 Residents
  • Build-to-Suit Facility for SSA in 2002 With Updates in 2013
  • Property Situated Along a Major Retail Corridor with Multiple National Tenants
  • Lease is Guaranteed by GSA, an S&P AA+ Credit Rated Tenant

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Single-Tenant Office

Social Security Administration (SSA)

Listing Price: $1,068,294

Cap Rate
8.50%
Gross SF
9,558
Rentable SF
9,558
Price/Gross SF
$111.77
Lot Size
1.02 acres
Year Built
2003

Investment Highlights

  • Only Social Security Administration within 50-Mile Radius
  • Supports a Local Population of Over 23,000 Residents
  • Build-to-Suit Facility for SSA in 2002 With Updates in 2013
  • Property Situated Along a Major Retail Corridor with Multiple National Tenants
  • Lease is Guaranteed by GSA, an S&P AA+ Credit Rated Tenant

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this single tenant Social Security Administration (SSA) office located in Dyersburg, Tennessee. This 9,036-square-foot office property was build to suit for SSA in 2002 and has since had interior updates in 2013 as part of its lease renewal and its parking lot was resurfaced and restriped in 2016. There are over two years remaining on its second 10-year gross lease. The property sits on a large 1.02 acre parcel and features a large parking lot with 40 spaces and landscaping on each side. The site is located just off of US-51 near a dense retail corridor and I-155 near the Dyersburg Mall and a Walmart Supercenter. This is the only SSA location within a 50-mile radius serving a large area exceeding 23,000 people. Dyersburg is a city and the county seat of Dyer County, Tennessee, in the United States. It is located in northwest Tennessee, 79 miles northeast of Memphis on the Forked Deer River. Dyersburg has several public parks, recreational centers, and swimming pools. Reelfoot Lake State Park is located 28 miles to the north in Lake and Obion counties.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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