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    1501 Muskogee Ave Tahlequah, OK 74464

    For Sale
    $4,644,560

    High-yield medical office, NNN lease, corporate guarantee.

    Property size:
    6,917 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a brand-new, 6,917-square-foot medical office building in Tahlequah, Oklahoma. Located at 1501 S Muskogee Ave, this fee-simple property sits on a 0.87-acre lot and is currently leased to Parachute Plasma under a 20-year absolute triple-net (NNN) lease, offering significant long-term stability. The lease commenced upon closing and features a strong corporate guarantee from a multi-location company. The current annual net operating income (NOI) is $348,342, representing a 7.50% capitalization rate on the $4,644,560 asking price. The building, constructed in 2023, boasts a price per square foot of $671.47. A key feature of this lease is the built-in rent escalations

    Property Features for 1501 Muskogee Ave

    General Information

    Property type
    Medical offices
    Square Feet
    6,917 SF
    Lot Size
    37,897 SF

    Building Details

    Year Built
    2023

    HighLights

    • 20‑Year Absolute Triple Net (NNN) Lease with a new tenant.
    • 2% annual rent increases beginning in year six.
    • Four, five‑year tenant renewal options, extending the potential lease term to 40 years.
    • Corporate guarantee from Join Parachute, a company with 17+ locations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parachute - Plasma Donation ... Blood Donation Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tahlequah
    County
    Cherokee
    State
    Oklahoma
    Longitude
    -94.9758826
    Latitude
    35.8969145

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office, NNN lease, corporate guarantee.
    Where is this medical office located?
    The property is located at 1501 Muskogee Ave Tahlequah, OK.
    What is the asking price?
    The asking price for this property is $4,644,560.
    What are key features of this property?
    This property features: 20-Year Absolute Triple Net (NNN) Lease with a new tenant.; 2% annual rent increases beginning in year six.; Four, five-year tenant renewal options, extending the potential lease term to 40 years.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 Muskogee Ave Tahlequah, OK 74464
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