1208 Congress Pkwy, Athens, TN

Listing agent Glen Kunofsky License #49KU1129178

Listing office NNN Pro Group g***@nnnpro.com Show Phone

Listing date Jan 29, 2025

Source Moodyscre

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Overview

This property is subject to a new 20-year absolute triple-net lease at closing, offering no landlord responsibilities. The lease includes 2.00% rental increases starting in year 6. The tenant provides a corporate guarantee by Join Parachute, which currently operates 26 locations and plans to expand to over 65 locations by the end of 2026 and over 100 locations by the end of 2028. The property is suitable for businesses in the plasma industry, which is currently valued at $28 billion with a 7.3% compound annual growth rate and is projected to reach $57 billion by 2032. The property is located at 1208 Congress Pkwy, Athens, TN and has a property size of 6,532 square feet.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Athens

County

McMinn

State

Tennessee

Longitude

-84.6217

Latitude

35.4528

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FAQs

What type of property is this?

Medical center - Long-term NNN lease with attractive rental increases in Athens, TN.

Where is this medical center located?

The property is located at 1208 Congress Pkwy Athens, TN.

What are key features of this property?

This property features: Long‑Term, 20‑Year Absolute Triple Net (NNN) Lease offers worry‑free investment with no landlord responsibilities.; Corporate guarantee by Join Parachute, a rapidly growing company, ensures stability.; Attractive 2.00% rental increases starting in year 6 boost your return.