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Broker

Phillip Butts

Newmark
Net Lease Capital Markets | Tulsa
  • 7Active Listing
  • 0Under Contract
  • 0Sold Transactions

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.

Licensed in: OK
4521 E 91st St, Suite 201 Tulsa, OK 74137

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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

1,941,400

  • Cap Rate 7.15%
  • NOI $138,810
  • R. Term/Yrs 9.9
  • Guarantor Corp R + T
  • # Units 16,700
  • 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
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

2,550,000

  • Cap Rate 5.69%
  • NOI $145,000
  • R. Term/Yrs 24.10
  • Guarantor Franchisee
  • # Units 330
  • 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
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

1,588,950

  • Cap Rate 7.15%
  • NOI $113,610
  • R. Term/Yrs 8.8
  • Guarantor Corp R + T
  • # Units 1,200
  • 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 (Combo)
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
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

1,652,098

  • Cap Rate 7.15%
  • NOI $118,125
  • R. Term/Yrs 9.9
  • Guarantor Corp R + T
  • # Units 1,200
  • 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 (Combo)
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
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

1,681,469

  • Cap Rate 7.15%
  • NOI $120,225
  • R. Term/Yrs 9.9
  • Guarantor Corp R + T
  • # Units 1,200
  • 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 (Combo)
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
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

1,687,500

  • Cap Rate 7.00%
  • NOI $118,125
  • R. Term/Yrs 9.9
  • Guarantor Corp R + T
  • # Units 1,200
  • 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 (Combo)
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
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

1,922,695

  • Cap Rate 7.05%
  • NOI $135,550
  • R. Term/Yrs 9.10
  • Guarantor Corp R + T
  • # Units 1,200
  • 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 (Combo)
  • Guarantor Corp T and Rated
  • #Units 1,200
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR

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