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601 5th St
Jellico, TN 37762

$600,000 USD

Office For Sale  •  3,600 SF

Property Details

  • Property Type Office
  • Total Building Size 3,600 SF
  • Lot Size 0.57 AC
  • Building Class C
  • Year Built 2006
  • Cap Rate 6.27 %
  • Tenancy Single
0 Transit Score
38 Walk Score

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.
Cap Rate: 6.27 %

Major Tenants

Tenant SF Occupied Lease End Date
State of Tennessee Department of Human Services (T 3,600 SF 3/31/2031

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 28
Type: Surface
Included in Rent: Yes
Solomon Colvin III 770-744-4555 Sands Investment Group Atlanta, LLC
Solomon Colvin III 770-744-4555 Sands Investment Group Atlanta, LLC