Social Security Administration (SSA) - Field Office

​​​​​​​The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the Social Security Administration (SSA) located at 199 Saddle Creek Drive, Tupelo, Mississippi.
This single-tenant property was build-to-suit for the GSA in 2006 and consists of a 14,700 rentable square-foot office building that includes eighty (80) parking spaces on 3.76 acres. The property is encumbered by the first generation, 20-year gross lease, which was recently extended for five (5)-years firm term, expiring August 22, 2031.  This building is in the process of substantial capital investment including new paint and carpet throughout, and improvements to the landscape and parking lot.  
This is a busy facility that serves all of Lee County, with convenient access from Highway 45.  The next closest Social Security Administration is over 48 miles in Corinth, MS.  This investment provides investors with long-term cash flow backed by the full faith and credit of the U.S. Federal Government (AA+ S&P credit rating).
Tupelo is a city in the county seat of Lee County, Mississippi.  Tupelo is the seventh most populous city in Mississippi and is considered a commercial, industrial, and cultural hub of North Mississippi.  The city has also attracted manufacturing, retail, and distribution operations. Recently, Tupelo has become a strong tourism and hospitality sector based around the Elvis Presley birthplace and Natchez Trace historic forest trail.  

Available