199 Saddle Creek Dr
Tupelo, MS 38801

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the Social Security Administration (SSA) located at 199 Saddle Creek Drive, Tupelo, Mississippi.
This single-tenant property was build-to-suit for the GSA in 2006 and consists of a 14,700 rentable square-foot office building that includes eighty (80) parking spaces on 3.76 acres. The property is encumbered by the first generation, 18-year gross lease, which was recently extended for two-years firm term, expiring August 22, 2026. This is a busy facility that serves all of Lee County, with convenient access from Highway 45.
The firm term extension results from the GSA terminating the lease on a competitive property with the intent to stay long-term at this location. The GSA extended this lease while the tenant identifies their detailed tenant improvement needs prior to negotiating a new, long-term lease. There are no sources sought for the SSA Tupelo, reaffirming the GSAs commitment to this location long-term, and the next closest SSA office is 53 miles.
This investment option is an excellent value-add opportunity for an investor to negotiate a new long-term lease creating significant value for a long-term hold or disposition upon lease renewal. This GSA lease provides investors stable returns guaranteed by the US Government (AA+ S&P credit rating).
Tupelo is a city in the county seat of Lee County, Mississippi. Tupelo is the seventh most populous city in Mississippi and is considered a commercial, industrial, and cultural hub of North Mississippi. The city has also attracted manufacturing, retail, and distribution operations. Recently, Tupelo has become a strong tourism and hospitality sector based around the Elvis Presley birthplace and Natchez Trace historic forest trail.