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Lakeview Pointe | Stillwater, OK 2230-2280 N Perkins Rd 207,406 SF 92% Leased Retail Building Stillwater, OK 74075 $24,000,000 ($115.72/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Lakeview Pointe Shopping Center is a 207,404-Square-Foot Power Center; 95% Occupied (2.3 Million Annual Visits, Placer.ai)
  • Best Buy (NYSE: BBY; S&P: BBB+)
  • Stable and Secure Investment with Long-Term Historical Occupancy and New Leasing Activity
  • Ross Dress for Less (NASDAQ: ROST; S&P: BBB+)
  • 8.00% Existing Cap Rate; 8.93% Proforma Cap Rate; 2.71% CAGR; 30.68% NOI Growth Over 10 Years
  • Brand New Roofs Installed in 2024 - Transferable Warranties

EXECUTIVE SUMMARY

Best Buy/ Ross Dress for Less-Anchored Retail Center | Ranked Top 12% of All Shopping Centers in OK (Placer.ai) | 2 Miles from Oklahoma State University (27,000 Students)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
207,406 SF
Building Class
B
Year Built
2006
Price
$24,000,000
Price Per SF
$115.72
Cap Rate
8%
NOI
$1,920,000
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
4.76
Lot Size
1.00 AC
Parking
100 Spaces (0.48 Spaces per 1,000 SF Leased)
Frontage
103’ on Perkins Rd

AMENITIES

  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • $18.40
  • Triple Net
  • Jan 2023

DaVinci’s Italian Ristorante open June 16th, 2010. Since that date, DaVinci’s has been serving the best, most authentic Italian food in Stillwater. Our dishes are based on Italian recipes passed down from generation to generation. We specialize in traditional meat, seafood and pasta dishes as well as our hand-made pizzas. When you’re looking for the best Italian in the Stillwater area, don’t expect a national chain restaurant to exceed your expectations. We have been selected as Stillwater’s Best Italian Restaurant by the NewsPress Readers’ Choice Awards every year since our opening. We hope to serve you very soon. Grazie!

  • Retailer
  • -
  • -
  • -
  • -

Nagoya offers delicious dining and takeout to Stillwater, OK. Nagoya is a cornerstone in the Stillwater community and has been recognized for its outstanding Sushi cuisine, excellent service and friendly staff. Our Sushi restaurant is known for its modern interpretation of classic dishes and its insistence on only using high quality fresh ingredients.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Select Medical is one of the largest providers of critical illness recovery hospitals, inpatient rehabilitation hospitals and outpatient rehabilitation centers in the United States. Guided by their mission to provide an exceptional patient care experience that promotes healing and recovery in a compassionate environment, their healthcare professionals help to restore quality of life for thousands of people and their families every day. Co-founded by Rocco A. Ortenzio and Robert A. Ortenzio in 1996, Select Medical began as a regional provider of outpatient physical rehabilitation. Contract therapy was added to the company's specialized health care offerings in 1997, and was quickly followed by the introduction of long-term acute care in 1998. In 1999, Select Medical made one of its largest acquisitions by purchasing NovaCare Physical Rehabilitation and Occupational Health.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Select Medical is one of the largest providers of critical illness recovery hospitals, inpatient rehabilitation hospitals and outpatient rehabilitation centers in the United States. Guided by their mission to provide an exceptional patient care experience that promotes healing and recovery in a compassionate environment, their healthcare professionals help to restore quality of life for thousands of people and their families every day. Co-founded by Rocco A. Ortenzio and Robert A. Ortenzio in 1996, Select Medical began as a regional provider of outpatient physical rehabilitation. Contract therapy was added to the company's specialized health care offerings in 1997, and was quickly followed by the introduction of long-term acute care in 1998. In 1999, Select Medical made one of its largest acquisitions by purchasing NovaCare Physical Rehabilitation and Occupational Health.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - $18.40 Triple Net Jan 2023
Retailer - - - -
Health Care and Social Assistance - - - -
Health Care and Social Assistance - - - -
Accommodation and Food Services - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 1,602 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
1st Floor 1,602 SF Retail In-Line Now

1st Floor

Size
1,602 SF
Space Use
Retail
Position
In-Line
Available
Now

NEARBY MAJOR RETAILERS

HOTWORX
Texas Roadhouse
Olive Garden
Buffalo Wild Wings
Freddy's Frozen Custard & Steakburgers
Walmart Neighborhood Market
Taco Bueno

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
600073275
Land Assessment
$72,831
Improvements Assessment
$87,720
Total Assessment
$160,551
  • Listing ID: 37843266

  • Date on Market: 9/26/2025

  • Last Updated:

  • Address: 2230-2280 N Perkins Rd, Stillwater, OK 74075

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