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Parachute Plasma 814 S Bishop Ave

6,408 SF Office Building Rolla, MO 65401 £4,005,773 (£625/SF) 7.50% Net Initial Yield

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand new 20-year absolute triple-net 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 814 S Bishop Ave., Rolla, MO 65401. The site consists of roughly 6,408 rentable square feet of building space on an estimated 0.91-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 $379,297 and has scheduled increases of 2.00% annually starting year 7.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,408 SF
Building Class
C
Year Built
2023
Price
£4,005,773
Price Per SF
£625
Net Initial Yield
7.50%
NOI
£300,433
Tenancy
Single
Number of Floors
1
Typical Floor Size
6,408 SF
Building FAR
0.16
Lot Size
0.91 AC
Parking
9 Spaces (1.4 Spaces per 1,000 SF Leased)
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814 S Bishop Ave, Rolla, MO - aerial map view

PROPERTY TAXES

Parcel Number 71-09-6.0-14-002-003-023.001 Improvements Assessment £34,899
Land Assessment £60,935 Total Assessment £95,834

PROPERTY TAXES

Parcel Number
71-09-6.0-14-002-003-023.001
Land Assessment
£60,935
Improvements Assessment
£34,899
Total Assessment
£95,834
(332) 345-4222

Contacts

  • Listing ID: 34211969

  • Date on Market: 16/12/2024

  • Last Updated:

  • Address: 814 S Bishop Ave, Rolla, MO 65401

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© 2024 CoStar Group

Parachute Plasma | 814 S Bishop Ave
(332) 345-4222 x

Parachute Plasma | 814 S Bishop 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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