1050 S Harper Rd
Corinth, MS 38834

Marcus & Millichap is pleased to bring to market a single tenant government office building occupied by the United States Social Security Administration. The property is a 8,395 square feet single story office building located on South Harper Road in Corinth, Mississippi. The property was a brand new build-to-suit in 2008 and recently went through extensive tenant improvements. The property is encumbered with a brand new second generation 10 year lease with 5 years on the firm term remaining which is set to expire in 2023. The Social Security Administration (SSA) is an independent agency of the United States federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors’ benefits. The annual budget for fiscal year 2018 was increased to $1.06 trillion which is higher than the previous year. This offering is ideal for an investor who is seeking to invest in a single credit tenant building occupied by the United States Government with a high 10.82% going-in capitalization rate for approximately the first 5 years. The blended capitalization rate for this asset is approximately 8.80%. The Department of Social Security is committed to this location for a variety of reasons including location and the build out of the building which was recently modified again in 2018.