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Parachute Plasma 1501 S Muskogee Ave

6,917 SF Retail Building Tahlequah, OK 74464 £3,693,781 (£534/SF) 7.50% Net Initial Yield

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
£3,693,781
Price Per SF
£534
Net Initial Yield
7.50%
NOI
£277,034
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.87 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

  • Monument Signage
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NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

Parcel Number 3080-00-020-004-0-000-00 Improvements Assessment £15,868
Land Assessment £7,553 Total Assessment £23,421

PROPERTY TAXES

Parcel Number
3080-00-020-004-0-000-00
Land Assessment
£7,553
Improvements Assessment
£15,868
Total Assessment
£23,421
(332) 345-4222

CONTACTS

  • Listing ID: 31303213

  • Date on Market: 22/03/2024

  • Last Updated:

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

The Retail Property at 1501 S Muskogee Ave, Tahlequah, OK 74464 is currently available for sale. Contact NNN Pro Group for more information.

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Parachute Plasma | 1501 S Muskogee Ave
(332) 345-4222 x

Parachute Plasma | 1501 S Muskogee Ave

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

Amelia Haydock

(332) 345-2408

(332) 345-2408

Joseph Kelly

(602) 478-4708

(602) 478-4708

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