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Get In TouchState of Tennessee Department Of Human Services (TDHS) – Jellico, TN
State of Tennessee Department of Human Services (TDHS)
601 5th Street, Jellico, TN 37762, USA
Sands Investment Group is pleased to exclusively offer for sale the 3,600 SF State of 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 longterm security. As an essential government tenant, the property delivers dependable, recession-resistant income, making it an attractive and stable investment opportunity.
- As a U.S. Government-backed tenant, TDHS offers long-term stability and exceptional credit quality. This makes the asset especially attractive to investors seeking dependable, recession-resistant income.
- 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, rehabilitation services, and community and social services.
- Tennessee is a no income tax state.
In Cooperation With Sands investment Group Tennessee, LLC-Lic.#263973 BoR: Tom Gorman – Lic. TN #370394
State of Tennessee Department of Human Services (TDHS)
601 5th Street, Jellico, TN 37762, USA
STATE OF TENNESSEE DEPARTMENT OF HUMAN SERVICES (TDHS)
The Tennessee Department of Human Services (TDHS) consists of multiple divisions with a unified mission to strengthen Tennessee by strengthening Tennesseans. Led by governor-appointed Commissioner Clarence H. Carter, TDHS serves nearly two million Tennesseans to ensure that all state residents have an opportunity to reach their full potential as contributing members of their community. Among the many services and programs provided by TDHS, some of the leading programs include the Child Support Program, Child and Adult Day Services and Licensing, Families First (the state’s Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP), Rehabilitation Services for people with disabilities, and Adult Protective Services, along with many others. TDHS is an organization committed to connecting people to resources that help individuals, families and communities thrive towards long-term economic freedom and prosperity.
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$600,000
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PREMISES
3,600 SF
RENEWAL OPTIONS
3 x 1 Year Options
Lease Expiration
03/31/2031
Lease Type
Modified Gross
RENTAL INCREASES
1% at Options
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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