309 Monroe Ave Memphis, TN 38103

This exceptional 22,677 square foot executive office building in downtown Memphis, Tennessee, is offered for sale at $5,535,000. The property, situated on a 1.56-acre lot at 309 Monroe Ave, Memphis, TN 38103, consists of a single building renovated in 2008. Currently 100% occupied by the Social Security Administration (SSA) and Office of Hearings Operations (OHO), the building boasts a new 10-year lease, with the first five years firm and non-cancellable. This lease is backed by the full faith and credit of the U.S. federal government, holding a Moody's Aaa credit rating. Constructed to meet the rigorous design specifications of the General Services Administration (GSA), this Level II security facility is uniquely positioned within a rapidly developing area of downtown Memphis. The building underwent a complete renovation in 2008, a "renovate-to-suit" project that addressed every aspect of the structure. This presents a compelling investment opportunity, anchored by a highly creditworthy tenant in a thriving urban core. The Memphis metropolitan statistical area (MSA) boasts a population exceeding 633,000 residents (per the 2020 Census), further solidifying the property's strong market position.