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Parachute Plasma 814 S Bishop Ave

6,408 SF Office Building Rolla, MO 65401 $5,057,288 ($789/SF) 7.50% Cap Rate

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
$5,057,288
Price Per SF
$789
Cap Rate
7.50%
NOI
$379,297
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,408 SF
Building FAR
0.16
Lot Size
0.91 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-09-6.0-14-002-003-023.001
Land Assessment
$76,930
Improvements Assessment
$44,060
Total Assessment
$120,990
  • Listing ID: 34211969

  • Date on Market: 12/16/2024

  • Last Updated:

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

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