Investment Overview

Marcus & Millichap is pleased to exclusively list 81 Center, a 61,600-square-foot shopping center located at 1314 N Highway 81 in Duncan, Oklahoma. The property is situated inline on the main retail thoroughfare in Duncan, where traffic counts exceed 20,000 vehicles per day. Producing a day one cap rate of 9.63 percent, 81 Center presents an investor with a rare opportunity to acquire a stabilized asset well above the current national average cap rate of 6.71 percent for retail properties (according to data provided by CoStar). 81 Center has 100 percent of its retail suites leased, and 95 percent of the retail tenants have occupied the center with ongoing tenure ranging from 8 to 16 years. An investor can increase the day one cap rate of 9.63 percent by maintaining occupancy and renewing leases at the scheduled renewal option rates.