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29006371
29006389

2251 OK-88, Claremore, OK 74017

LG
OK 182850
Piper Management
Listed by Piper Management
$2,700,000
391 days on market
Updated 11 days ago

Gateway Plaza

Details
APN 660005643
Property Type Office, Retail
Sub Type Shopping Center, Storefront (+1)
Square Footage 12,000
Net Rentable (SqFt) 12,000
Units 8
Cap Rate 7.04%
NOI $190,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.82%
Pro-Forma NOI $211,197
Price per SqFt $225
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 1.500
Zoning Neighborhood Commercial
Parking Spaces 51 spaces
Parking Per SqFt 4.25
Investment Type Net Lease
Lease Commencement 12/01/2024
Ground Lease No

Gateway Plaza | Claremore | NNN Tenants | Brand New Strip Center 2025

Marketing description

Gateway Plaza – Prime New Retail Center in Claremore, OK

- 2251 OK-88, Claremore, OK 74017

- 12,000 SF | 1.5 Acre Lot | Built in 2025

- 51 Parking Spaces

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 2024 with Red Iron construction and modern glass storefronts, Gateway Plaza offers a stable income stream with 100% 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: $211,197

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

Listing Contacts

LG
OK 182850
Piper Management
Listed by Piper Management

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,000.00
$15,833.33/mo

Valuation Metrics

0
DSCR
7.04%
Cap Rate
7.04%
ROI

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Additional Information

Name
Levi Green
License
182850
Brokerage
Levi Green
Brokerage Phone
9185193949
Title
Real Estate Broker
Brokerage Address
13902 U.S. 169
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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