Parachute Plasma

Muskogee, OK

Key Details

Price:$5,044,090
Cap Rate:7.50%
Annual Rent:$378,307
Address:219 South 32nd Street, Muskogee, Oklahoma 74401
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:1.41 Acres
Building Size:6,532 SF
Year Built:2024
NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 219 South 32nd Street, Muskogee, Oklahoma 74401. The site consists of roughly 6532 rentable square feet of building space on an estimated 1.41-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 $378,307 and has scheduled increases of 2.00% Annually Starting Year 6.

About the Investment

  • Long-Term Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Annual Rental Increases Two Percent (2%) Rental Increases Occuring Annually Starting Year 6
  • Corporate Guarantee The Lease is Subject to a Corporate Guarantee by Join Parachute (23+ Locations)

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com
License: NY: 10401294046
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Amelia Haydock

ahaydock@nnnpro.com
License: NY: 10401334976
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Joseph Kelly

jkelly@nnnpro.com
License: NY: 10401386896

Broker of Record

Brian Brockman

Bang Realty-Oklahoma, Inc
License: 177814
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.