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Parachute Plasma 219 S 32nd St 6,532 SF Retail Building Muskogee, OK 74401 $5,219,403 ($799.05/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term | Brand New 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee | The Lease is Subject to a Corporate Guarantee by Join Parachute (19+ Locations)
- Annual Rental Increases | Two Percent (2%) Rental Increases Occurring Annually Starting Year 6
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Parachute Plasma
located at 219 S 32nd St, Muskogee, OK 74401. The site consists of roughly
6,532 rentable square feet of building space on an estimated 1.41-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 $378,307 and has scheduled increases of 2.00% Annually Starting
Year 6.
located at 219 S 32nd St, Muskogee, OK 74401. The site consists of roughly
6,532 rentable square feet of building space on an estimated 1.41-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 $378,307 and has scheduled increases of 2.00% Annually Starting
Year 6.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,532 SF
Building Class
C
Year Built
2024
Price
$5,219,403
Price Per SF
$799.05
Cap Rate
7.50%
NOI
$391,455
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.41 AC
Zoning
F2
Parking
31 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
144’ on 32nd St
AMENITIES
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15758 | Improvements Assessment | $97,007 |
| Land Assessment | $19,297 | Total Assessment | $116,304 |
PROPERTY TAXES
Parcel Number
15758
Land Assessment
$19,297
Improvements Assessment
$97,007
Total Assessment
$116,304
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Parachute Plasma | 219 S 32nd St
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