2251 88 hwy - Storefront FOR SALE


Claremore, OK 74017
$3,295,000 USD
918-519-3949
2251 88 hwy, Claremore, OK for Sale
$3,295,000 USD
Storefront - FOR SALE
1/31
null | 6.93% Cap Rate

2251 88 hwy
Claremore, OK 74017


HIGHLIGHTS

  • Heavy Day Time Traffic
  • Highway Frontage
  • Tenant make up brings in a lot of foot traffic

OVERVIEW

Gateway Plaza – Prime New Retail Center in Claremore, OK - 2251 OK-88, Claremore, OK 74017 - Offered at: $3,499,000 - 12,000 SF | 1.0 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: 6.53% 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

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

6.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

NC

APN/PARCEL ID

660005645

ASK ABOUT THIS PROPERTY

Levi GreenPiper Management, LLCMore Info
918-519-3949

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Levi GreenPiper Management, LLCMore Info
918-519-3949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.