Highlights
•Backed by U.S. Government Credit (AA+ S&P Rating) •Purpose-Built for the GSA in 2006 •Attractive Value-Add Potential Through Long-Term Lease Negotiation •High-Traffic Location Serving the Entire Lee County Area •No Other SSA Office Within a 48-Mile Radius •Easily Accessible via Nearby Highway 45
Description
The Ficke Team at Colliers is pleased to offer qualified investors the opportunity to acquire the Social Security Administration (SSA) facility located at 199 Saddle Creek Drive in Tupelo, Mississippi. This single-tenant office property was built-to-suit for the General Services Administration (GSA) in 2006 and features 14,700 rentable square feet along with 80 dedicated parking spaces on a 3.76-acre site. The property is currently under its original 18-year gross lease, which was recently extended with a firm two-year term, now expiring on August 22, 2026. Serving all of Lee County, this high-traffic location benefits from excellent accessibility via Highway 45. The nearest alternate SSA office is located more than 48 miles away in Corinth, MS. This offering presents a compelling value-add opportunity, allowing investors to negotiate a new long-term lease, creating the potential for enhanced value—whether through a long-term hold or future disposition. The lease is backed by the full faith and credit of the U.S. Government (S&P AA+ rating), providing dependable cash flow and stability. Tupelo, the county seat of Lee County, ranks as the seventh-largest city in Mississippi and serves as a key commercial, industrial, and cultural center for North Mississippi. The city continues to attract manufacturing, retail, and distribution activity, and in recent years, has seen growing momentum in tourism and hospitality, anchored by attractions like the birthplace of Elvis Presley and the historic Natchez Trace Parkway.
Listing Details
- Cap Rate
9.5%
- Tenancy
Single
- Space Type
office
- Sub Category
executive
- Date Listed
9/8/2025
- Investment Type
Value Add
- Parking Info
60 spaces
- Net Rentable
14,700 SF
Property Specifics
- Property Name
Social Security Administration (SSA) - Field Office
- Property Class
B
- Year Built
2006
- Building Size
14,700 SF
- Lot Size
3.76 AC
- Occupancy
100%