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Parachute Plasma 1501 S Muskogee Ave

6,917 SF Retail Building Tahlequah, OK 74464 $4,644,560 ($671/SF) 7.50% Cap Rate

Retail Buildings Oklahoma Tahlequah 1501 S Muskogee Ave, Tahlequah, OK 74464

Investment Highlights

  • Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
  • Two Percent (2%) Rental Increases Occurring Annually Starting Year 6

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 1501 S Muskogee Ave in Tahlequah, Oklahoma. The site consists of roughly 6,917 rentable square feet of building space on estimated 0.87-acre parcel of land. This Parachute Plasma is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $348,342 and is scheduled to increase by 2% annually starting in year 6 and throughout the base term and in each of the 4, 5-year renewal options.

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
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
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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1501 S Muskogee Ave, Tahlequah, OK - aerial map view

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 $14,918
Land Assessment $7,082 Total Assessment $22,000

PROPERTY TAXES

Parcel Number
3080-00-020-004-0-000-00
Land Assessment
$7,082
Improvements Assessment
$14,918
Total Assessment
$22,000
(332) 345-4222

Contacts

  • Listing ID: 31303213

  • Date on Market: 3/22/2024

  • Last Updated:

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

More public record information on 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.

Nearby Listings

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1501 S Muskogee Ave, Tahlequah, OK for sale Building Photo- Image 1 of 3
pic 1 parachute tahlequa
1501 S Muskogee Ave, Tahlequah, OK for sale Aerial- Image 2 of 3
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Parachute Plasma | 1501 S Muskogee Ave
(332) 345-4222 x

Parachute Plasma | 1501 S Muskogee Ave

1/2

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Ryan Duffy

(267) 847-4766

(267) 847-4766

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