311 Congress PkwyAthens, TN 37303

This exceptional 21,648 square foot, two-story property at 311 Congress Parkway North in Athens, Tennessee, presents a compelling investment opportunity. Currently operating as a stabilized multi-tenant retail center with a strong mix of long-term, creditworthy tenants including Benchmark Physical Therapy, Heights Financial, Happy Nails, and King Audiology, the property boasts a current NOI of $140,142 and a 7.38% cap rate. Significant upside potential exists, with a pro-forma NOI projected at $184,429 and a pro-forma cap rate of 9.71%. The property features new flex warehouse spaces situated beneath the retail units along East Avenue, adding to its versatility and income streams. Further enhancing its value is an existing billboard contract with Lamar Advertising, generating additional revenue. Located on a high-traffic corridor with an average daily traffic count of 12,164 vehicles, this property offers excellent visibility and accessibility. The property is classified as Industrial and Retail, with Flex and Shopping Center subtypes, and is offered for sale by owner. This is a modified lease type investment with multiple tenants. The asking price is $1,900,000.