For Sale
$5,044,090

219 32Nd St Muskogee, OK 74401

High-yield medical office, NNN lease.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity in Muskogee, Oklahoma, presents a brand-new, 6,532 square foot medical office building situated on a 1.41-acre lot. This property boasts a strong 7.50% cap rate, generating a substantial net operating income (NOI) of $378,307 annually. The building, constructed in 2024, is currently 100% occupied under a long-term, 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a company with over 19 locations. This provides significant security and stability for investors. The lease includes annual rental increases of 2% commencing in year six, ensuring consistent growth in rental income. The asking price for this exceptional investment is $5,044,090, translating to a price per square foot of $772.21. This property offers a compelling combination of strong tenant occupancy, a secure lease structure, and significant potential for long-term appreciation, making it an ideal addition to any investment portfolio. The property is located at 219 S 32nd St, Muskogee, OK 74401.

Highlights

  • $5,044,090 asking price for a 6,532 SF medical office building.
  • 20-year absolute triple-net (NNN) lease.
  • Annual rent increases of 2% starting in year 6.
  • Corporate guarantee from Join Parachute (19+ locations).
  • 7.50% cap rate with a $378,307 annual net operating income (NOI).
  • 100% occupancy in a brand-new (2024) building on a 1.41-acre lot in Muskogee, Oklahoma.

Property Details for 219 32Nd St

Property type
Office properties, Medical offices
Square Feet
6,532 SF
Year Built
2024
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Muskogee
County
Muskogee
State
Oklahoma
Latitude
35.7533153
Longitude
-95.4030768

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FAQs

What type of property is this?
Office property - High-yield medical office, NNN lease.
Where is the office property located?
The property is located at 219 32Nd St Muskogee, OK.
What is the asking price?
The asking price for this property is $5,044,090.
What are key features of this property?
This property features: $5,044,090 asking price for a 6,532 SF medical office building.; 20-year absolute triple-net (NNN) lease.; Annual rent increases of 2% starting in year 6.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Glen Kunofsky
Glen Kunofsky
Matthew Anuszkiewicz
Matthew Anuszkiewicz
Amelia Haydock
Amelia Haydock
Joey Kelly
Joey Kelly
Visit Broker Website

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Useful Information

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32Nd St
Muskogee, OK 74401

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32Nd St
Muskogee, OK 74401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

219 32Nd St
  • Glen Kunofsky
    Glen Kunofsky
  • Matthew Anuszkiewicz
    Matthew Anuszkiewicz
  • Amelia Haydock
    Amelia Haydock
  • Joey Kelly
    Joey Kelly
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