Retail Properties in Broomfield, Colorado, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 70,000 residents, Broomfield has established itself as a hub for technology and retail, making it an attractive location for businesses and investors alike. Retail Properties in Broomfield can represent a range of investments, from small strip centers to larger shopping complexes, each offering a unique set of benefits and opportunities. The city's infrastructure, including the Flatiron Crossing Mall and the Rocky Mountain Metropolitan Airport, provides easy access to major highways and transportation hubs, making it an ideal location for businesses looking to reach a wider audience. Additionally, Broomfield's highly educated population, with a significant portion holding bachelor's degrees or higher, creates a strong consumer base for retailers. The city's scenic trails, parks, and recreational facilities, such as the Paul Derda Recreation Center, also make it an attractive location for residents and visitors, further supporting the demand for retail services.
Broomfield's Retail Properties are situated in a prime location, with nearby amenities and attractions that draw visitors from across the region. The city is home to a range of other property types, including Shopping Centers, such as the Flatiron Crossing Mall, which offers a variety of retail and dining options. Restaurants, like those found in the downtown area, provide a range of culinary experiences for residents and visitors. Office Properties, including those occupied by major companies like Crocs and Vail Resorts, are also prevalent in the area. Hotels, such as those located near the Rocky Mountain Metropolitan Airport, cater to the city's growing tourism industry. With a total of 15 Retail Properties available for sale, investors have a range of options to choose from, each with its own unique characteristics and opportunities. The average price per square foot for Retail Properties in Broomfield is $500 USD, with an average size of 10,540 square feet and a largest size of 56,054 square feet. The average cap rate for Retail Properties in the area is 6%.
What is the average cap rate for retail properties in Broomfield?
When it comes to investing in retail properties in Broomfield, understanding the average cap rate is crucial. The average cap rate for retail properties in Broomfield is 6%, which is a key indicator of the property's potential return on investment - for a more in-depth explanation, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Broomfield, Colorado, location and foot traffic play a significant role in determining retail property values. Properties situated near major highways like Interstate 25 and U.S. Highway 36, as well as those in close proximity to popular amenities like the Flatiron Crossing Mall and the Rocky Mountain Metropolitan Airport, tend to have higher values due to increased visibility and accessibility, which can attract more customers and drive sales.
