Parachute Plasma
Enid, OK
Key Details
| Price: | $4,128,610 |
|---|---|
| Cap Rate: | 7.50% |
| Annual Rent: | $309,646 |
| Address: | 113 South Van Buren Street, Enid, Oklahoma 73703 |
| Property Type: | Office |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually Starting Year 6 |
| Lot Size: | 0.72 Acres |
| Building Size: | 7,095 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 113 South Van Buren Street, Enid, Oklahoma 73703. The site consists of roughly 7095 rentable square feet of building space on an estimated 0.72-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 $309,646 and has scheduled increases of 2.00% Annually Starting Year 6.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities.
- Attractive Rental Increases | The lease will feature 2.00% rental increases starting in year 7.
- Growing Credit | The lease is subject to a corporate guarantee by Join Parachute. Join Parachute currently operates 26 locations with an extensive development pipeline. They plan to have 65+ locations by end of 2026 with over 100 locations by end of 2028.
- Emerging Industry | The Plasma industry is currently a $28B dollar industry with a growth rate of 7.3% CAGR. By 2032 it is expected to be a $57B industry.
Key Details
| Price: | $4,128,610 |
|---|---|
| Cap Rate: | 7.50% |
| Annual Rent: | $309,646 |
| Address: | 113 South Van Buren Street, Enid, Oklahoma 73703 |
| Property Type: | Office |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually Starting Year 6 |
| Lot Size: | 0.72 Acres |
| Building Size: | 7,095 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Amelia Haydock
ahaydock@nnnpro.com
License: NY: 10401334976
Joseph Kelly
jkelly@nnnpro.com
License: NY: 10401386896
Broker of Record
Brian Brockman
Bang Realty-Oklahoma, Inc
License: 177814
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.