1208 Congress Pky - Medical FOR SALE


Athens, TN 37303
$5,925,000 USD
332-345-4222
1208 Congress Pky, Athens, TN for Sale
$5,925,000 USD
Medical - FOR SALE
1/2
null | 7.5% Cap Rate

1208 Congress Pky
Athens, TN 37303


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases The lease will feature 2.00% rental increases starting in year 6
  • Growing Credit The lease is subject to a corporate guarantee by Join Parachute

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 1208 Congress Parkway, Athens, TN 37303. The site consists of roughly 6,532 rentable square feet of building space on an estimated 1.47-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $444,375 and has scheduled increases of 2.00% Annually Starting Year 6.

FOR SALE DETAILS

PRICE

$5,925,000 USD

PRICE/SF

$907 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parachute Plasma

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

056-088.00

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.