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State of Tennessee Department Of Human 601 5th St 3,600 SF Office Building Jellico, TN 37762 $837,552 CAD ($232.65 CAD/SF) 6.27% Cap Rate
INVESTMENT HIGHLIGHTS
- As a U.S. Government-backed tenant, TDHS offers long-term stability and exceptional credit quality.
- 3 years remaining on a modified Gross Lease with three 1- year renewal options and 1% annual increases.
- Built-to-suit for the TDHS in 2006, the parking lot includes 28 parking spaces.
- Lease guaranteed by the State of Tennessee (AAA S&P Credit Rating).
- State of Tennessee pays direct for utilities, janitorial service, and supplies.
- Trusted as a pillar of the local community, TDHS is a mission-critical agency responsible for family assistance and child support services.
EXECUTIVE SUMMARY
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
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
3,600 SF
Building Class
C
Year Built
2006
Price
$837,552 CAD
Price Per SF
$232.65 CAD
Cap Rate
6.27%
NOI
$52,495 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.14
Lot Size
0.57 AC
Parking
28 Spaces (7.78 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- State of Tennessee Department of Human Services (T
- Administrative and Support Services
- 3,600 SF
- $14.57 CAD
- Modified Gross
- Mar 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| State of Tennessee Department of Human Services (T | Administrative and Support Services | 3,600 SF | $14.57 CAD | Modified Gross | Mar 2031 |
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PROPERTY TAXES
| Parcel Number | 004G-C-058.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $217,484 CAD |
PROPERTY TAXES
Parcel Number
004G-C-058.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$217,484 CAD
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State of Tennessee Department Of Human | 601 5th St
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