Phillip Butts

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Net Lease Capital Markets | Tulsa

7Active Listings
$13,024,112Active Volume
0Under Contract
$0Volume
0Closed Transactions
$0Sold Volume

Phillip Butts is a Senior Analyst for the Net Lease Capital Markets team. His primary responsibilities include researching market data, underwriting asset values and assisting in the marketing process. Prior to joining the Capital Markets team at Newmark, Butts spent five years with the Stan Johnson Company as an analyst and investment sales broker. Butts grew up in the suburbs of Houston, Texas prior to moving to Tulsa where he earned his Finance and Energy Management degrees at the University of Tulsa.

D (918) 991-4341

M (918) 991-4341

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Licensed in: OK

4521 E 91st St, Suite 201 Tulsa, OK 74137

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Dollar Tree

8291 U.S. 49 Business, Brookland, AR , 72417

Size SF10,500
Built/Renov2023
Price/SF$185
Lease Start03-01-2024
Rent/SF$13.22
Lease Type Double NN
Lot/AC5.77
Pop 5MI17,648

d. andrew ragsdale

(918) 878-9535

ken hedrick

(918) 878-9540

phillip butts

(918) 991-4341

1,941,400

Cap Rate 7.15%
NOI $138,810
R. Term/Yrs 9.2
Guarantor Corp R + T
# Units 16,700

View CONTACT

New construction
Build to suit
Strategically located
Highway location
Brand new lease
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Dollar Tree
Guarantor Corp T and Rated
#Units 16,700
Moody's/S&P Baa2/ BBB
Stock NASDAQ: DLTR

Taco Bell

NEC of Aspen Avenue & Creek Turnpike , 74011

Size SF2,274
Built/Renov2024
Price/SF$1,121
Lease Start04-01-2024
Rent/SF$63.76
Lease Type Abs NNN
Lot/AC0.97
Pop 5MI122,570

d. andrew ragsdale

(918) 878-9535

ken hedrick

(918) 878-9540

phillip butts

(918) 991-4341

2,550,000

Cap Rate 5.69%
NOI $145,000
R. Term/Yrs 24.4
Guarantor Franchisee
# Units 330

View CONTACT

New construction
Near major nationals
Shopping Ctr out-parcel
Freeway visibility
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Annual rent increases
Top franchise operator

...

Tenant Taco Bell
Guarantor Franchisee
#Units 330
Stock NYSE: YUM

Family Dollar | Dollar Tree

1811 East Broadway, Spiro, OK , 74959

Size SF10,500
Built/Renov2023
Price/SF$151
Lease Start01-26-2023
Rent/SF$10.82
Lease Type NN+
Lot/AC1.27
Pop 5MI6,042

d. andrew ragsdale

(918) 878-9535

ken hedrick

(918) 878-9540

phillip butts

(918) 991-4341

1,588,950

Cap Rate 7.15%
NOI $113,610
R. Term/Yrs 8.1
Guarantor Corp R + T
# Units 1,200

View CONTACT

New construction
Build to suit
Strategically located
Highway location
Major MSA
Limited competition
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Family Dollar | Dollar Tree
Guarantor Corp T and Rated
#Units 1,200
Moody's/S&P Baa2/ BBB
Stock NASDAQ: DLTR

Family Dollar | Dollar Tree

9203 Lee Springs Road, Pine Bluff, AR , 71603

Size SF10,500
Built/Renov2023
Price/SF$157
Lease Start03-01-2024
Rent/SF$11.25
Lease Type NN+
Pop 5MI13,561

d. andrew ragsdale

(918) 878-9535

ken hedrick

(918) 878-9540

phillip butts

(918) 991-4341

1,652,098

Cap Rate 7.15%
NOI $118,125
R. Term/Yrs 9.2
Guarantor Corp R + T
# Units 1,200

View CONTACT

New construction
Build to suit
Strategically located
Brand new lease
Long 10+ yr lease
Limited competition
Favorable NN+ lease
Traded and rated company
Over 2000 units backed
Corporate Guarantee

...

Tenant Family Dollar | Dollar Tree
Guarantor Corp T and Rated
#Units 1,200
Moody's/S&P Baa2/ BBB
Stock NASDAQ: DLTR

Family Dollar | Dollar Tree

1306 Moscow Avenue, Hickman, KY , 42050

Size SF10,500
Built/Renov2023
Price/SF$160
Lease Start03-01-2024
Rent/SF$11.45
Lease Type Double NN
Lot/AC1.00
Pop 5MI2,862

d. andrew ragsdale

(918) 878-9535

ken hedrick

(918) 878-9540

phillip butts

(918) 991-4341

1,681,469

Cap Rate 7.15%
NOI $120,225
R. Term/Yrs 9.2
Guarantor Corp R + T
# Units 1,200

View CONTACT

New construction
Build to suit
Strategically located
Highway close
Brand new lease
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Family Dollar | Dollar Tree
Guarantor Corp T and Rated
#Units 1,200
Moody's/S&P Baa2/ BBB
Stock NASDAQ: DLTR

Family Dollar | Dollar Tree

306 East Main Street, Gassville, AR , 72635

Size SF10,500
Built/Renov2023
Price/SF$161
Lease Start03-01-2024
Rent/SF$11.25
Lease Type Double NN
Lot/AC3.18
Pop 5MI7,159

ken hedrick

(918) 878-9540

d. andrew ragsdale

(918) 878-9535

phillip butts

(918) 991-4341

1,687,500

Cap Rate 7.00%
NOI $118,125
R. Term/Yrs 9.2
Guarantor Corp R + T
# Units 1,200

View CONTACT

New construction
Build to suit
Near major nationals
Strategically located
Highway close
Brand new lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Family Dollar | Dollar Tree
Guarantor Corp T and Rated
#Units 1,200
Moody's/S&P Baa2/ BBB
Stock NASDAQ: DLTR

Family Dollar | Dollar Tree

2590 Texas 7, Chilton, TX , 76632

Size SF10,500
Built/Renov2024
Price/SF$183
Lease Start04-01-2024
Rent/SF$12.91
Lease Type Double NN
Pop 5MI1,750

ken hedrick

(918) 878-9540

d. andrew ragsdale

(918) 878-9535

phillip butts

(918) 991-4341

1,922,695

Cap Rate 7.05%
NOI $135,550
R. Term/Yrs 9.4
Guarantor Corp R + T
# Units 1,200

View CONTACT

New construction
Strategically located
Highway location
Major MSA
Income tax free state
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Tenant Family Dollar | Dollar Tree
Guarantor Corp T and Rated
#Units 1,200
Moody's/S&P Baa2/ BBB
Stock NASDAQ: DLTR

Filters63 Results

Price: $3,350,000 - $5,750,000 ×
Cap Rate: 5,000% - 7,000% ×
Price/SF: $552 - $1025 ×
Year Built: 1984 - 2016 ×
Lease Type: Any ×
Guarantor: 1 Unit - Corp AAA ×
R. Term Yrs/Mos: 6/06-25 ×
Building Size/SF: 150,000F - 254,000F ×
Population 5 Miles: 35,500 - 75,500 ×
AHHI 5Miles: $56,000 - $105,000 ×

Save Export

Type

Tenant

City

Price

Cap Rate

NOI

Size/SF

Price/SF

Rent/SF

Built/Renov

Lot/AC

Lease Type

Guarantor

# Units

Credit S&P

R Term
(Yrs)

Pop (5Mi)
(000)

$ AHHI (5Mi)
(000)

Traffic Count
(000)

Brokerage

Status

Added

Update

DOM

Contact Broker

Listing Broker(s)

Dollar/Discount

Dollar Tree

Brookland

$1,941,400

7.15%

$138,810

10,500

$185

$13.22

2023

5.77

Double NN

Corp T + R

16,700

BBB

9.2

17,648

$79,896

20,000

Newmark

03.17.2024

05.29.2024

261

d. andrew ragsdale
ken hedrick

Fast Food/QSR

Taco Bell

Broken Arrow

$2,550,000

5.69%

$145,000

2,274

$1,121

$63.76

2024

0.97

Absolute NNN

Franchisee

330

Not Rated

24.4

122,570

$80,593

10,400

Newmark

03.11.2024

05.29.2024

267

d. andrew ragsdale
ken hedrick

Dollar/Discount

Family Dollar | Dollar Tree

Spiro

$1,588,950

7.15%

$113,610

10,500

$151

$10.82

2023

1.27

NN+

Corp T + R

1,200

BBB

8.1

6,042

$47,079

11,000

Newmark

03.11.2024

06.30.2024

267

d. andrew ragsdale
ken hedrick

Dollar/Discount

Family Dollar | Dollar Tree

Pine Bluff

$1,652,098

7.15%

$118,125

10,500

$157

$11.25

2023

NN+

Corp T + R

1,200

BBB

9.2

13,561

$56,783

580

Newmark

03.11.2024

06.30.2024

267

d. andrew ragsdale
ken hedrick

Dollar/Discount

Family Dollar | Dollar Tree

Hickman

$1,681,469

7.15%

$120,225

10,500

$160

$11.45

2023

1.00

Double NN

Corp T + R

1,200

BBB

9.2

2,862

$35,201

1,806

Newmark

03.11.2024

06.30.2024

267

d. andrew ragsdale
ken hedrick

Dollar/Discount

Family Dollar | Dollar Tree

Gassville

$1,687,500

7.00%

$118,125

10,500

$161

$11.25

2023

3.18

Double NN

Corp T + R

1,200

BBB

9.2

7,159

$42,522

Newmark

03.11.2024

06.30.2024

267

ken hedrick
d. andrew ragsdale

Dollar/Discount

Family Dollar | Dollar Tree

Chilton

$1,922,695

7.05%

$135,550

10,500

$183

$12.91

2024

0.00

Double NN

Corp T + R

1,200

BBB

9.4

1,750

$44,788

6,000

Newmark

03.11.2024

06.30.2024

267

ken hedrick
d. andrew ragsdale

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Phillip Butts

8291 U.S. 49 Business, Brookland, AR , 72417

1,941,400

NEC of Aspen Avenue & Creek Turnpike , 74011

2,550,000

1811 East Broadway, Spiro, OK , 74959

1,588,950

9203 Lee Springs Road, Pine Bluff, AR , 71603

1,652,098

1306 Moscow Avenue, Hickman, KY , 42050

1,681,469

306 East Main Street, Gassville, AR , 72635

1,687,500

2590 Texas 7, Chilton, TX , 76632

1,922,695

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Phillip Butts

8291 U.S. 49 Business, Brookland, AR , 72417

1,941,400

NEC of Aspen Avenue & Creek Turnpike , 74011

2,550,000

1811 East Broadway, Spiro, OK , 74959

1,588,950

9203 Lee Springs Road, Pine Bluff, AR , 71603

1,652,098

1306 Moscow Avenue, Hickman, KY , 42050

1,681,469

306 East Main Street, Gassville, AR , 72635

1,687,500

2590 Texas 7, Chilton, TX , 76632

1,922,695

Filters63 Results

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No projects shortlisted

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