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31250525

6202 NW Cache Rd, Lawton, OK 73505

RR
OK 155865
Cummins-Setters Commercial Partners
Listed by Cummins-Setters Commercial Partners
$700,000
71 days on market
Updated 71 days ago

6202 NW Cache Road

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 5,572
Net Rentable (SqFt) 5,572
Occupancy 100%
Pro-Forma Cap Rate 7.14%
Pro-Forma NOI $50,000
Price per SqFt $126
Broker Co-Op Yes
Class B
Year Built 1973
Buildings 1
Stories 1
Lot Size (SqFt) 36,000
Zoning C-5
Ownership Sole
Sale Condition For sale by owner

Retail | 5,572 SqFt

Marketing description

Positioned on the highly sought-after “Restaurant Row” along Cache Road, this 5,572 SF fully leased strip center offers a compelling blend of stable income and future upside. Situated on a prominent corner lot, the property features 120 feet of frontage and extends approximately 300 feet deep, totaling ±0.83 acres.

The front of the property includes asphalt-paved parking for easy customer access, along with a valuable electronic billboard facing Cache Road—providing excellent visibility. The expansive rear portion of the lot, currently grass, stretches all the way to Oak Avenue, offering exceptional flexibility for future development, expansion, or additional access.

The center is 100% occupied with three tenants, including the seller as the largest occupant, adding stability and pride of ownership. The property generates gross annual income of just over $75,000, with a net operating income of $49,809.

Offered at $700,000, this asset delivers a 7.12% cap rate, making it an attractive opportunity for investors seeking a stabilized, income-producing property in a high-traffic retail corridor. Surrounded by established restaurants and consistent consumer activity, this location continues to perform.

With strong financials, full occupancy, and a high-visibility corner location, this property presents a rare opportunity to acquire a well-positioned asset with both immediate returns and long-term upside.

Listing Contacts

RR
OK 155865
Cummins-Setters Commercial Partners
Listed by Cummins-Setters Commercial Partners

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