Current Use by Public Records
- Retail properties & Spaces
Property Details for 202 Gtwy Pl
- Year built
- 2023
- Lot size
- 1.97 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jenks
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -96.0105
- Latitude
- 36.0229
