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Shopping Strip

Cache Road Shopping Center

4009 NW Cache Rd, Lawton, OK 73505

Listing Price: $5,000,000

Cap Rate
8.21%
Gross SF
31,901
Rentable SF
31,901
Price/Gross SF
$156.73
Lot Size
3.06 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to exclusively list Cache Road Shopping Center, a 31,901-square-foot shopping center located at 4009-4021 NW Cache Road in Lawton, Oklahoma. The property is situated inline on the main east-west retail thoroughfare in Lawton, where traffic counts exceed 27,480 vehicles per day.

Cache Road Shopping Center presents an investor the opportunity to acquire a 100 percent occupied, Class-A shopping center with national credit tenants, such as Olive Garden, Boot Barn, Leslie’s Pool Supplies, and Petsense, at a 8.21 percent CAP rate. 83 percent of tenants have occupied the property for more than fourteen years, with the shopping center boasting a twelve-year weighted historical tenure.

An investor can increase the Year-1 CAP rate of 8.21 percent to achieve an 8.83 percent CAP rate in Year-6 by maintaining occupancy and renewing leases at the scheduled renewal option rates.

Investment Highlights

  • 31,901-Square-Foot, Multi-Tenant Retail Center: 100 Percent of Leases are Triple-Net | 100 Percent Occupied | 82 Percent of Tenants are National Credit Tenants
  • 8.21 Percent Year One CAP Rate | 8.83 Percent Pro Forma CAP Rate in Year Six
  • Prime Location: 27,480 Vehicles Per Day on Primary East-West Thoroughfare of Lawton
  • Weighted Average Lease Term (WALT): 4.1 Years
  • Long Term Tenancy: Twelve-Year Weighted Historical Tenure of Tenancy with 83 Percent of Tenants Having Occupied the Property for More Than Fourteen Years
  • High Quality Construction

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Shopping Strip

Cache Road Shopping Center

Listing Price: $5,000,000

Cap Rate
8.21%
Gross SF
31,901
Rentable SF
31,901
Price/Gross SF
$156.73
Lot Size
3.06 acres
Year Built
2007

Investment Highlights

  • 31,901-Square-Foot, Multi-Tenant Retail Center: 100 Percent of Leases are Triple-Net | 100 Percent Occupied | 82 Percent of Tenants are National Credit Tenants
  • 8.21 Percent Year One CAP Rate | 8.83 Percent Pro Forma CAP Rate in Year Six
  • Prime Location: 27,480 Vehicles Per Day on Primary East-West Thoroughfare of Lawton
  • Weighted Average Lease Term (WALT): 4.1 Years
  • Long Term Tenancy: Twelve-Year Weighted Historical Tenure of Tenancy with 83 Percent of Tenants Having Occupied the Property for More Than Fourteen Years
  • High Quality Construction

Investment Overview

Marcus & Millichap is pleased to exclusively list Cache Road Shopping Center, a 31,901-square-foot shopping center located at 4009-4021 NW Cache Road in Lawton, Oklahoma. The property is situated inline on the main east-west retail thoroughfare in Lawton, where traffic counts exceed 27,480 vehicles per day. Cache Road Shopping Center presents an investor the opportunity to acquire a 100 percent occupied, Class-A shopping center with national credit tenants, such as Olive Garden, Boot Barn, Leslie’s Pool Supplies, and Petsense, at a 8.21 percent CAP rate. 83 percent of tenants have occupied the property for more than fourteen years, with the shopping center boasting a twelve-year weighted historical tenure. An investor can increase the Year-1 CAP rate of 8.21 percent to achieve an 8.83 percent CAP rate in Year-6 by maintaining occupancy and renewing leases at the scheduled renewal option rates.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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