Property History
The Property consists of 0.34-acres and a 7,821-square-foot office building that was built to the exact specifications of the Tenant with ample parking of 30 spaces. The Property’s layout and operation is top-of-the-line and offers cost savings given its energy efficient buildout. The Property is located near the intersection of Main Street and Singleton Avenue with a combined average daily traffic volume of 4,000 vehicles per day. There are approximately 15,000 in population in the 15-mile radius with $57,000 in average household income.
The State of Georgia (the "Tenant") strategically selected this site and building to enhance its services in Screven County. The initial term of the lease is for eight (8) years and includes two percent (2%) rental increases every three (3) years. The Tenant handles all utilities directly and provides its own janitorial services.
The Georgia Division of Family and Children Services (DFCS) investigates reports of child abuse; finds foster and adoptive homes for abused and neglected children; issues SNAP, Medicaid, TANF and child care assistance to low-income families; helps out-of-work parents get back on their feet; and provides numerous support services and innovative programs to help families in need.
As a State Agency for the State of Georgia, the debts and obligations incurred by the Tenant (including this Lease) are backed by the Government of the State of Georgia. The State of Georgia carries an investment-grade credit rating by all major rating agencies including an AAA rating with a stable outlook from Standard & Poor’s Rating Services. Georgia is one of only fifteen states with such a rating. If Georgia were a stand-alone country, it would be the 28th largest economy in the world.
In Association With: Mike Sladich - GA Lic #354609
- Multi-Year State of Georgia Lease
- Strategic Access
- Government Lease
- Low Market Correlation
- Likelihood of Renewal
- Strong Credit
- Favorable Lease
- Mission-Critical Location
- County Seat
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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