Cache Road Shopping Center

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.