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Parachute Plasma 1501 S Muskogee Ave 6,917 SF Retail Building Tahlequah, OK 74464 $4,644,560 ($671.47/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long-Term, Brand New 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 7.

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 1501 S. Muskogee Ave, Tahlequah, OK 74464. The site consists of roughly 6,917 rentable square feet of building space on an estimated 0.87-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 $348,342 and has scheduled increases of 2.00% annually starting year 7.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,917 SF
Building Class
B
Year Built
2023
Price
$4,644,560
Price Per SF
$671.47
Cap Rate
7.50%
NOI
$348,342
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.87 AC
Opportunity Zone
Yes

AMENITIES

  • Monument Signage

NEARBY MAJOR RETAILERS

Anytime Fitness
Armstrong Bank
Rent-A-Center
Mazzio's
Buddy's Home Furnishings
Rib Crib
Reasor's
Chili's Grill & Bar
HOTWORX

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3080-00-020-004-0-000-00
Land Assessment
$9,497
Improvements Assessment
$21,424
Total Assessment
$30,921
  • Listing ID: 31303213

  • Date on Market: 3/22/2024

  • Last Updated:

  • Address: 1501 S Muskogee Ave, Tahlequah, OK 74464

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