Bend, Oregon, is a prime location for investing in retail properties, offering a unique blend of natural beauty, outdoor recreation opportunities, and a growing population of approximately 100,000 residents. Retail properties in Bend are an attractive investment opportunity, providing a diverse range of options for businesses and entrepreneurs. From shopping centers to restaurants, office spaces, and hotels, Bend's retail properties cater to a wide range of industries and needs. The city's amenities, infrastructure, and location make it an ideal place to invest in retail properties, with attractions like Mirror Pond, breweries, and the last Blockbuster video-rental store drawing visitors and locals alike. Additionally, Bend's proximity to major transportation hubs, including the Bend Municipal Airport and Roberts Field commercial airport, makes it easily accessible for businesses and customers.
With 12 retail properties for sale in Bend, investors have a wide range of options to choose from. The average price per square foot is $290 USD, with an average size of 23,780 square feet. The largest retail property available is 156,729 square feet, offering ample space for businesses to grow and thrive. Bend's retail properties also boast an average cap rate of 5.94%, making them a lucrative investment opportunity. In addition to retail properties, Bend is also home to shopping centers, restaurants, office properties, and hotels, each offering unique investment opportunities. Shopping centers in Bend provide a convenient and accessible location for businesses, while restaurants benefit from the city's thriving food scene. Office properties in Bend offer a range of options for businesses, from small startups to large corporations, and hotels cater to the city's growing tourism industry. With its diverse range of retail properties and amenities, Bend is an attractive location for investors and businesses alike.
What is the average cap rate for retail properties in Bend?
When it comes to retail properties in Bend, investors can expect an average cap rate of 5.94%. For those new to commercial real estate investing, a cap rate, or capitalization rate, is a key metric used to evaluate the potential return on investment of a property - you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Bend, Oregon, the location and foot traffic of a retail property significantly impact its value, with properties situated in high-demand areas like the Old Mill District, downtown Bend, and along Highway 20, which sees over 30,000 vehicles per day, commanding higher prices due to their proximity to amenities, attractions, and a large customer base.
Additionally, retail properties with high foot traffic, such as those near popular breweries, restaurants, and outdoor recreation spots, tend to have higher values, as they offer businesses greater exposure and opportunities for customer engagement, ultimately driving up property values, with the average price per square foot for retail properties in Bend currently standing at $290 USD and averaging 23,780 square feet in size.
