US General Services Administration
Albertville, AL
Unstated
Unstated
15 Years
Unstated
7,890 SQ FT
Office
2020
Unstated
Sold
FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security.
SINGLE-TENANT FACILITY
100% occupied by U.S. Social Security Administration
NEW BUILD-TO-SUIT CONSTRUCTION
Facility was built-to-suit for Social Security in 2020 according to the specific requirements of the tenant and agency mission, and meets stringent Federal Government security and construction standards.
RELOCATION OF SSA OFFICE
The new SSA branch office in Albertville is a relocation of existing Social Security services in this market, providing a new, long-term home for this essential federal agency.
CENTRAL LOCATION
Central location in Albertville, situated immediately off of Highway 431 and surrounded by major tenants including Walgreens, McDonald’s, Waffle House, Hobby Lobby, AT&T, AutoZone, O’Reilly Auto Parts, Regions Bank, Pizza Hut, Alexander Dodge Chrysler Jeep Ram, and numerous others.
The Social Security Administration Branch Office in Albertville, Alabama is a 7,890 square foot build-to-suit facility that was developed as a new location for SSA in 2020. Constructed according to the specific requirements and specifications of the Federal Government and SSA, this branch office is a relocation of existing SSA services in Albertville, providing a new, long-term home for the agency.
The Albertville SSA office is leased via an original 15-year lease term with ten years firm, commencing in 2020. The lease is guaranteed by the full faith and credit of the United States of America, which has a credit rating of Aaa from Moody’s Investor Services and offers unrivaled income security. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%.
Albertville SSA features a central location in Albertville, situated immediately off of Highway 431 and surrounded by major tenants including Walgreens, McDonald’s, Waffle House, Hobby Lobby, AT&T, AutoZone, O’Reilly Auto Parts, Regions Bank, Pizza Hut, Alexander Dodge Chrysler Jeep Ram, and numerous others.
