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2251 88 hwy 12,000 sq ft 75% Let Retail Property Claremore, OK 74017 £2,232,870 (£186.07/sq ft) 7.65% Net Initial Yield
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
Design & Build
Property Type
Retail
Property Subtype
Property Size
12,000 sq ft
Costar Property Class
B
Year Built
2024
Price
£2,232,870
Price per sq ft
£186.07
Yield
7.65%
NOI
£170,913
Occupancy Rate
75%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.15
Total Plot Size
1.80 ac
Use Class
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 sq ft Leased)
Frontage
360 ft on Hwy 88
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 660005643 | Improvements Assessment | £0 |
| Land Assessment | £16,457 | Total Assessment | £16,457 |
PROPERTY TAXES
Parcel Number
660005643
Land Assessment
£16,457
Improvements Assessment
£0
Total Assessment
£16,457
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2251 88 hwy
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