About This Restaurant
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 Plasmalocated at 219 S 32nd St, Muskogee, OK 74401. The site consists of roughly6,532 rentable square feet of building space on an estimated 1.41-acreparcel of land. This Parachute Plasma is subject to a 20-year Triple Net(NNN) lease which will commence upon close of escrow. The annual rentwill be $378,307 and has scheduled increases of 2.00% Annually StartingYear 6.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 6,532
- Building Class C
- Year Built 2024
- Price 5,044,090
- Price Per SF 772
- Cap Rate 7.50
- NOI 378,307
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 1.41 AC
Amenities
- Freeway Visibility
- Pylon Sign
Property Taxes
| Parcel Number | 15758 | Improvements Assessment | $15,036 |
| Land Assessment | $45,191 | Total Assessment | $60,227 |
| Date Created: | 2024-07-16 04:18:08 | Last Updated: | 2024-07-16 04:18:08 |
| Address: | 219 S 32nd St , Muskogee, Oklahoma, 74401 | ||