Listed by Fisher Realty & Auction
$1,625,000
State of Tennessee Corrections Institute
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 9,230
Cap Rate 8.04%
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 10
Remaining Term 9.5
Lease Options 2x2
Broker Co-Op Yes
Year Built 2005
Year Renovated 2024
Stories 1
Lot Size (SqFt) 48,351.6
Investment Type Stabilized
Tennessee Corrections Institute
Marketing description
Investment Opportunity: Tennessee Corrections Institute - Jackson, TN. The Tennessee Corrections Institute at 121 Executive Drive, Jackson, TN, presents an exceptional investment opportunity backed by the State of Tennessee's "AAA" Credit Rating. This facility is situated on 1.11 acres and is 100% occupied under a new 10-year lease with a 5-year firm term.
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Listed by Fisher Realty & Auction
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