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  • For sale
State of Tennessee - Department of Human Services - #1
State of Tennessee - Department of Human Services - #2
State of Tennessee - Department of Human Services - #3

For Sale

$554,000 USD

Colliers International is pleased to present this exclusive investment opportunity to acquire the State of Tennessee Department of Human Services located at 601 5th Street, Jellico, Tennessee. This office building is comprised of 3,600 square feet and sits on 0.57 acres and includes 28 parking spaces. The property is encumbered by a new seven (7)-year lease to the State of Tennessee Department of Human Services (TDHS) with three (3)-one (1) year options. The TDHS is a long-term tenant in this building since it was developed in 2006. Improvements as part of this lease renewal include an access mechanism for the State’s access control group to automatically lock and unlock the file room, new transaction windows, new lobby area paint, and new signage on the front glass doors and on the building. In addition, ownership is replacing the roof. This opportunity provides an investor with stable cash flow from a strong credit tenant, as the State of Tennessee enjoys a AAA S&P credit rating.