The Ficke Team of Colliers is pleased to present to qualified investors the Social Security Administration (SSA) located at 3461 S. Third Street, Memphis, Tennessee. This single-tenant property consists of 10,661-rentable square feet developed in 2005 as a build-to-suit for the GSA/SSA that includes 23 parking spaces and sits on 1.56 acres. The current lease includes a shell rent increase of 10.27% on April
13, 2024, and the lease expires on April 12, 2029. This is an excellent opportunity for an investor to acquire a stabilized cash flow with rent guaranteed by the U.S. Government (S&P AA+ credit rating).
Memphis is a city in and the county seat of Shelby County Tennessee, located in the southwest part of the state and is situated along the Mississippi River. With a population of 1.35 million people at the 2020 U.S. census, Memphis is the secondmost populous city in Tennessee, after Nashville. It is the fifth-most populous city in the Southeast, the nation’s 28th-largest overall, and the largest city bordering the
Mississippi River. Memphis is the home of three Fortune 500 companies: FedEx, International Paper, and AutoZone. The Federal Reserve Bank of St. Louis also has a branch in Memphis.