311 Congress Pkwy Athens, TN 37303
Athens, TN Retail/Flex Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 21,648 SF two-story retail center in Athens, TN.
- Strong tenant mix with long-term leases and high creditworthiness (Benchmark Physical Therapy, Heights Financial, Happy Nails, King Audiology).
- Current NOI of $140,142 and a 7.38% cap rate; pro-forma NOI of $184,429 and a 9.71% cap rate.
- High-traffic location (12,164 AADT on Congress Parkway) with excellent visibility.
- Includes new flex warehouse space and a billboard generating additional income.
Property Details for 311 Congress Pkwy
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 21,648 SF
- Stories
- 2
Location Insight
- City
- Athens
- County
- McMinn
- State
- Tennessee
- Latitude
- 35.471014043215
- Longitude
- -84.602129133583
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Athens, TN Retail/Flex Investment
- Where is the lifestyle center located?
- The property is located at 311 Congress Pkwy Athens, TN.
- What is the asking price?
- The asking price for this property is $1,900,000.
- What are key features of this property?
- This property features: 21,648 SF two-story retail center in Athens, TN.; Strong tenant mix with long-term leases and high creditworthiness (Benchmark Physical Therapy, Heights Financial, Happy Nails, King Audiology).; Current NOI of $140,142 and a 7.38% cap rate; pro-forma NOI of $184,429 and a 9.71% cap rate.
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