Parachute Plasma | 1208 Congress Pky
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Parachute Plasma 1208 Congress Pky
6,532 SF 100% Leased Office Building Athens, TN 37303 £4,636,016 (£710/SF) 7.50% Net Initial Yield
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Growing Credit The lease is subject to a corporate guarantee by Join Parachute
- Attractive Rental Increases The lease will feature 2.00% rental increases starting in year 6
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,532 SF
Building Class
B
Year Built
2024
Price
£4,636,016
Price Per SF
£710
Net Initial Yield
7.50%
NOI
£347,701
Percent Leased
100%
Number of Floors
1
Typical Floor Size
6,532 SF
Building FAR
0.10
Lot Size
1.47 AC
Parking
23 Spaces (3.52 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 056-088.00 | Improvements Assessment | £0 |
| Land Assessment | £106,883 | Total Assessment | £106,883 |
PROPERTY TAXES
Parcel Number
056-088.00
Land Assessment
£106,883
Improvements Assessment
£0
Total Assessment
£106,883
Contacts
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Amelia Haydock -
Joseph Kelly -
NNN Pro Group
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Parachute Plasma | 1208 Congress Pky
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