Shopping Strip
Cache Road Shopping Center
4009 NW Cache Rd, Lawton, OK 73505
Listing Price: $5,000,000
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.
Cache Road Shopping Center
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
Financing By
Listing Price: $5,000,000
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
Financing By
