Oklahoma commerical real estate

[Mark Formby]

I bought my first strip mall 6 months ago.  I am looking to buy another one in Oklahoma.

What is an acceptable cap rate?  I feel I need an 8% to  8.5% rate or better but the properties I am interested in are all in the 7% range.  I like for the property to be new and fully rented.  The property also needs 3+ renters.  I favor Stillwater and all points north.  Am I asking for too much or do I need to stick to my expectations?