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    202 Gtwy Pl Jenks, OK 74037

    For Sale
    $9,120,000

    High-yield, NNN-leased storefront.

    Property size:
    20,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a brand-new, 20,890-square-foot Class A storefront in Jenks, Oklahoma. Located at 202 S Gateway Pl, 74037, this single-tenant property boasts a 19.1-year remaining lease term (commencing November 12, 2023 and expiring December 30, 2043) with a strong, corporately guaranteed Absolute NNN lease from Frontier Justice, LLC. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The property features a desirable 8.00% cap rate and a substantial net operating income (NOI) of $729,765. Built in 2023 on a 1.97-acre lot, this single-story building offers 100% occupancy and benefits from an excellent location in a growing, affluent area with easy access, ample parking, and high visibility near a highway interchange. The lease includes four 5-year renewal options, providing long-term security and potential for future appreciation. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The asking price is $9,120,000, translating to a price per square foot of $436.57.

    Property Features for 202 Gtwy Pl

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,890 SF
    Class
    A
    Lot Size
    85,813 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Brand‑new, 20,890‑square‑foot Class A storefront in Jenks, OK.
    • Located at 202 S Gateway Pl, Jenks, OK 74037.
    • 19.1‑year remaining lease to Frontier Justice, LLC, with 2% annual rent increases and four 5‑year renewal options.
    • 8.00% cap rate and $729,765 NOI.
    • $9,120,000 asking price ($436.57/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Jenks
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -96.0105109
    Latitude
    36.0228768

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN-leased storefront.
    Where is this individual retail property located?
    The property is located at 202 Gtwy Pl Jenks, OK.
    What is the asking price?
    The asking price for this property is $9,120,000.
    What are key features of this property?
    This property features: Brand-new, 20,890-square-foot Class A storefront in Jenks, OK.; Located at 202 S Gateway Pl, Jenks, OK 74037.; 19.1-year remaining lease to Frontier Justice, LLC, with 2% annual rent increases and four 5-year renewal options.
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    202 Gtwy Pl Jenks, OK 74037
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    Jenks, OK 74037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 Gtwy Pl Jenks, OK 74037
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