This is a Challenge Cache and IS located at the posted coordinates. In order to claim a find you must have met the terms of the challenge. You may sign the log at any time and post a note on the cache page. Any "found it" logs that don't qualify will be deleted. There is a challenge checker you can run to see if you qualify.
On those days where you get DNF after DNF, don’t you need a simple park and grab? That is what you have here but it isn’t a bison tube handing on a fence next to the road. You will need to get out and walk just a little and this isn’t a bison tube on any fence. This container type has popped up a few times in the area so it shouldn’t be hard at all. Just get out and have fun. That is what this is all about.
Oh, to claim this cache, you’ll need to have found at least 500 Park and Grab caches. Here is a checker to let you know how you did.

Cathy'sClown used Project-GC to see if they qualified for this challenge and they did. They found 976 caches of type "Park and grab"