Castle Rock, Colorado, offers a unique opportunity for investors to capitalize on the growing demand for retail properties. With its strategic location at the junction of Interstate 25 and State Highway 86, Castle Rock provides easy access to major transportation hubs, making it an attractive location for businesses and residents alike. Retail properties in Castle Rock can represent a range of investments, from small, independent shops to larger, more established retail centers. The town's amenities, including Philip S. Miller Park and the Castle Rock Adventist Hospital, make it an attractive location for families and professionals, driving demand for retail services. Additionally, Castle Rock's proximity to Denver and Colorado Springs provides access to a larger market, making it an ideal location for businesses looking to expand their reach. The town's scenic location, with the Rocky Mountains to the west and the Great Plains to the east, also makes it a popular destination for tourists and outdoor enthusiasts.
Castle Rock is home to a range of retail properties, including 11 listings currently available for sale. The average price per square foot for retail properties in Castle Rock is $352 USD, with an average size of 6,042 square feet. The largest retail property available in Castle Rock is 27,395 square feet. In addition to retail properties, Castle Rock also offers a range of other commercial properties, including shopping centers, restaurants, office properties, and hotels. The town's shopping centers, such as the Outlets at Castle Rock, offer a range of retail and dining options, while its restaurants, like the Castle Rock Café, provide a unique dining experience. Office properties, such as the Castle Rock Business Park, offer a range of spaces for businesses, from small startups to larger corporations. Hotels, like the Hampton Inn Castle Rock, provide convenient accommodations for visitors and business travelers. Overall, Castle Rock's retail properties offer a unique opportunity for investors to capitalize on the town's growing demand for retail services.
What is the average cap rate for retail properties in Castle Rock?
When it comes to retail properties in Castle Rock, investors can expect an average cap rate of 8.34%, which is a crucial metric to consider when evaluating potential investments. For those new to commercial real estate investing, it's essential to understand what a cap rate is, which is why we recommend checking out our article on the topic at what is a cap rate.
How do location and foot traffic affect retail property values?
In Castle Rock, Colorado, the location of a retail property plays a significant role in determining its value, with properties situated near major transportation hubs like Interstate 25 and State Highway 86, as well as those in high-traffic areas like downtown Castle Rock, typically commanding higher prices. For instance, with 11 available listings of retail properties, the average price per square foot is $352 USD, and the average size is 6,042 square feet, with the largest property spanning 27,395 square feet.
