601 5th St - Office FOR SALE
Jellico, TN 37762 |
$600,000 USD
770-744-4555
601 5th St
Jellico, TN 37762
HIGHLIGHTS
- As a U.S. Government-backed tenant, TDHS offers long-term stability and exceptional credit quality.
- Lease guaranteed by the State of Tennessee (AAA S&P Credit Rating).
- 3 years remaining on a modified Gross Lease with three 1- year renewal options and 1% annual increases.
- State of Tennessee pays direct for utilities, janitorial service, and supplies.
- Built-to-suit for the TDHS in 2006, the parking lot includes 28 parking spaces.
- Trusted as a pillar of the local community, TDHS is a mission-critical agency responsible for family assistance and child support services.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 3,600 SF Tennessee Department of Human Services (TDHS) facility on 0.57 acres at 601 5th Street in Jellico, TN. Backed by the State of Tennessee, TDHS provides investors with strong credit quality and long-term security. As an essential government tenant, the property delivers dependable, recession-resistant income, making it an attractive and stable investment opportunity.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
FOR SALE DETAILS
PRICE
$600,000 USD
PRICE/SF
$167 USD /SF
CAP RATE
6.27%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
State of Tennessee Department Of Human
PROPERTY TYPE
Office
ADD'L SUBTYPES
Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
0.57 AC
LAND SF
24,829 SF
ZONING
-
APN/PARCEL ID
004G-C-058.00
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770-744-4555
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770-744-4555
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