Log In/Sign Up
Your email has been sent.
2251 88 hwy 12,000 SF 75% Leased Retail Building Claremore, OK 74017 $2,985,000 ($248.75/SF) 7.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Day Time Traffic
- Tenant make up brings in a lot of foot traffic
- Highway Frontage
EXECUTIVE SUMMARY
Gateway Plaza – Prime New Retail Center in Claremore, OK
- 2251 OK-88, Claremore, OK 74017
- Offered at: $2,985,000
- 12,000 SF | 1.5 Acre Lot | Built in 2025
- 51 Parking Spaces | 75% Leased
Piper Management is proud to present Gateway Plaza, Claremore’s newest premier retail center, now available for purchase. Strategically positioned at a hard corner on high-traffic Hwy 88 (7,200+ vehicles/day), this 12,000 SF center sits on a full acre in one of Oklahoma’s fastest-growing cities.
Built in 2025 with Red Iron construction and modern glass storefronts, Gateway Plaza offers a stable income stream with 75% of units leased to solid tenants under NNN leases. Two vacant 1,500 SF units are ready for build-to-suit, offering additional upside for investors or owner-users. An adjacent parcel to the north offers potential for future expansion.
Highlights:
Fully stabilized with NNN leases – minimal landlord responsibility
Year 1 Projection fully leased NOI: $228,387 | CAP Rate: 7.45%
New construction (2025) – low maintenance & high tenant appeal
Densely populated, affluent trade area with growing household incomes
Minutes from Rogers State University and major attractions with over 3,358 Students
Excellent visibility and signage opportunities in a retail-heavy corridor
Additional development potential with land available on the north end
This is a rare opportunity to acquire a brand-new retail asset with strong fundamentals, significant upside, and a location that will only increase in value as Claremore continues to expand.
For more information or to schedule a tour, contact:
Levi Green
Broker | Piper Management
918-519-3949 | levi@piperok.com
www.piperok.com
License #208050
- 2251 OK-88, Claremore, OK 74017
- Offered at: $2,985,000
- 12,000 SF | 1.5 Acre Lot | Built in 2025
- 51 Parking Spaces | 75% Leased
Piper Management is proud to present Gateway Plaza, Claremore’s newest premier retail center, now available for purchase. Strategically positioned at a hard corner on high-traffic Hwy 88 (7,200+ vehicles/day), this 12,000 SF center sits on a full acre in one of Oklahoma’s fastest-growing cities.
Built in 2025 with Red Iron construction and modern glass storefronts, Gateway Plaza offers a stable income stream with 75% of units leased to solid tenants under NNN leases. Two vacant 1,500 SF units are ready for build-to-suit, offering additional upside for investors or owner-users. An adjacent parcel to the north offers potential for future expansion.
Highlights:
Fully stabilized with NNN leases – minimal landlord responsibility
Year 1 Projection fully leased NOI: $228,387 | CAP Rate: 7.45%
New construction (2025) – low maintenance & high tenant appeal
Densely populated, affluent trade area with growing household incomes
Minutes from Rogers State University and major attractions with over 3,358 Students
Excellent visibility and signage opportunities in a retail-heavy corridor
Additional development potential with land available on the north end
This is a rare opportunity to acquire a brand-new retail asset with strong fundamentals, significant upside, and a location that will only increase in value as Claremore continues to expand.
For more information or to schedule a tour, contact:
Levi Green
Broker | Piper Management
918-519-3949 | levi@piperok.com
www.piperok.com
License #208050
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
2024
Price
$2,985,000
Price Per SF
$248.75
Cap Rate
7.65%
NOI
$228,485
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.80 AC
Zoning
NC - Neighborhood Commercial (NC) zoning is a zoning district that provides small-scale shopping and personal services to nearby neighborhoods.
Parking
51 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
360’ on Hwy 88
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 660005643 | Improvements Assessment | $0 |
| Land Assessment | $22,000 | Total Assessment | $22,000 |
PROPERTY TAXES
Parcel Number
660005643
Land Assessment
$22,000
Improvements Assessment
$0
Total Assessment
$22,000
1 of 32
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2251 88 hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.