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Office

Social Security Administration & Kids Central Pediatrics

565 Oak Ridge Turnpike, Oak Ridge, TN 37830

Listing Price: $1,644,348

Cap Rate
7.75%
Gross SF
10,172
Rentable SF
10,172
Price/Gross SF
$161.65
Lot Size
0.70 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this Social Security Administration and Kids Central Pediatrics office located in Oak Ridge, Tennessee. Social Security Administration (SSA) is headquartered in Baltimore, Maryland at what is known as the Central Office. The agency includes 10 regional offices, eight processing centers, approximately 1,230 field offices and 37 teleservice centers. As of 2020, about 60,000 people were employed by the SSA. The SSA has an annual budget of more than $1.06 trillion (Fiscal Year 2018). Kids Central Pediatrics is the brainchild of Clifford James III, MD. He envisioned a doctor's office that more closely resembled a children's hospital. He wanted to create a fun, energetic, lively environment that children were excited to visit a place where even the most anxious child feels comfortable. Dr. James grew up in the countryside where every child saw one doctor, and he emulates that in his practice. The Kids Central Pediatrics team is small, and you'll only ever see Dr. James himself or his pediatrician's assistant. They make it their goal to know every patient and their health history, so they can provide the best pediatric care. Kids Central Pediatrics takes an evidence-based approach and places the emphasis firmly on family. They work closely with parents and guardians to help them understand the latest findings in pediatric medicine. They explain how they intend to put these learnings into practice using cutting-edge technology to not only diagnose, but also treat your child's condition. Kids Central Pediatrics has an urgent care sick-child policy in which they aim to see any sick child on the same day you call, and they schedule physical and well-child appointments on the hour and half-hour, so there's always an appointment slot to suit your schedule. The team provides a variety of services including ADHD, asthma, allergies, immunizations, and many other services.

Investment Highlights

  • Social Security Administration (SSA) has Invested Over $450,000 in Tenant Improvements Including New HVAC, Lighting, Signage, Flooring, Paint and More
  • SSA has Over Eight and a Half Years of Lease Term Remaining Including Over Three and a Half Years Firm
  • SSA is an S&P Rated AA+ Investment Grade Credit Tenant
  • Over 20,800 Vehicles per Day with Strong Visibility
  • Nearest SSA's are All Over 20 Minutes Away
  • Tennessee has No State Income Tax on Wages
  • Located 30 Minutes from Knoxville Airport
  • In Late 2018, a New Retail Development was Completed About Two and a Half Miles from the Subject Property with Another Six and a Half Acre Mixed-Use Area Planned Nearby

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Financing By

Office

Social Security Administration & Kids Central Pediatrics

Listing Price: $1,644,348

Cap Rate
7.75%
Gross SF
10,172
Rentable SF
10,172
Price/Gross SF
$161.65
Lot Size
0.70 acres
Year Built
2002

Investment Highlights

  • Social Security Administration (SSA) has Invested Over $450,000 in Tenant Improvements Including New HVAC, Lighting, Signage, Flooring, Paint and More
  • SSA has Over Eight and a Half Years of Lease Term Remaining Including Over Three and a Half Years Firm
  • SSA is an S&P Rated AA+ Investment Grade Credit Tenant
  • Over 20,800 Vehicles per Day with Strong Visibility
  • Nearest SSA's are All Over 20 Minutes Away
  • Tennessee has No State Income Tax on Wages
  • Located 30 Minutes from Knoxville Airport
  • In Late 2018, a New Retail Development was Completed About Two and a Half Miles from the Subject Property with Another Six and a Half Acre Mixed-Use Area Planned Nearby

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this Social Security Administration and Kids Central Pediatrics office located in Oak Ridge, Tennessee. Social Security Administration (SSA) is headquartered in Baltimore, Maryland at what is known as the Central Office. The agency includes 10 regional offices, eight processing centers, approximately 1,230 field offices and 37 teleservice centers. As of 2020, about 60,000 people were employed by the SSA. The SSA has an annual budget of more than $1.06 trillion (Fiscal Year 2018). Kids Central Pediatrics is the brainchild of Clifford James III, MD. He envisioned a doctor's office that more closely resembled a children's hospital. He wanted to create a fun, energetic, lively environment that children were excited to visit a place where even the most anxious child feels comfortable. Dr. James grew up in the countryside where every child saw one doctor, and he emulates that in his practice. The Kids Central Pediatrics team is small, and you'll only ever see Dr. James himself or his pediatrician's assistant. They make it their goal to know every patient and their health history, so they can provide the best pediatric care. Kids Central Pediatrics takes an evidence-based approach and places the emphasis firmly on family. They work closely with parents and guardians to help them understand the latest findings in pediatric medicine. They explain how they intend to put these learnings into practice using cutting-edge technology to not only diagnose, but also treat your child's condition. Kids Central Pediatrics has an urgent care sick-child policy in which they aim to see any sick child on the same day you call, and they schedule physical and well-child appointments on the hour and half-hour, so there's always an appointment slot to suit your schedule. The team provides a variety of services including ADHD, asthma, allergies, immunizations, and many other services.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

Financing By

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