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    1208 Congress Pkwy Athens, TN 37303

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    For Sale
    $5,925,000

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

    Property size:
    6,532 SF
    Lot size:
    1.71 Acres

    Property Features for 1208 Congress Pkwy

    General Information

    Size
    6,532 SF
    Lot size
    1.71 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20-Year NNN Lease Property

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Medical centers

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.62168
    Latitude
    35.452777

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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 is the asking price?
    The asking price for this property is $5,925,000.
    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.
    (332) 345-2408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1208 Congress Pkwy Athens, TN 37303
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