Parachute Plasma 1501 S Muskogee Ave 6,917 SF Retail Building Tahlequah, OK 74464 $4,644,560 ($671.47/SF) 7.50% Cap Rate
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
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
PROPERTY TAXES
| Parcel Number | 3080-00-020-004-0-000-00 | Improvements Assessment | $19,952 |
| Land Assessment | $9,497 | Total Assessment | $29,449 |
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Amelia Haydock -
Joseph Kelly -
NNN Pro Group
