Avondale, Arizona, is an attractive destination for investors seeking to capitalize on the city's growing retail market. With 17 retail properties for sale, Avondale offers a diverse range of investment opportunities. Retail properties, including strip centers, shopping malls, and freestanding buildings, provide a stable source of income and can be an attractive addition to any investment portfolio. Avondale's strategic location near Phoenix, along with its growing population of around 90,000 residents, makes it an ideal place to invest in retail properties. The city's amenities, such as Estrella Mountain Community College and Rio Salado College, as well as its infrastructure, including Valley Metro Bus and the Avondale ZOOM neighborhood circulator, contribute to its appeal. Additionally, Avondale is home to notable attractions like Phoenix Raceway, which hosts the annual NASCAR championship race, and a thriving arts scene, making it a great place for business and travel.
Avondale's retail properties offer a unique blend of small-town charm and big-city amenities. The city's Old Town area, along Western Avenue, preserves the historic business district and offers opportunities for small, independent businesses. With a mix of architectural styles reflecting its history, Avondale's retail properties are an attractive investment opportunity. Nearby, shopping centers like Las Ligas and Festival Fields provide a range of retail options for residents and visitors alike. Office properties, such as those near Valleywise Community Health Center, offer a professional environment for businesses. Restaurants, like those found in the Old Town area, provide a diverse range of dining options. Hotels, such as those near Phoenix Children's Hospital, cater to visitors and travelers. With its diverse range of retail properties, Avondale is an attractive destination for investors seeking to capitalize on the city's growing market.
What is the average cap rate for retail properties in Avondale?
When it comes to retail properties in Avondale, investors can expect an average cap rate of 5.51%, which is a key metric to consider when evaluating the potential return on investment. To better understand how this rate is calculated and what it means for your investment, be sure to check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Avondale, Arizona, the location of a retail property plays a significant role in determining its value, with properties situated near major highways like Interstate 10 and in high-traffic areas like Old Town Avondale, which attracts visitors with its historic charm and small businesses, tend to command higher prices. For instance, with 17 available listings of retail properties, the average price per square foot is $763 USD, and the average size is 15,122 square feet, indicating that properties in prime locations with high foot traffic are more valuable.
