Eugene, Oregon, is a prime location for investing in shopping centers, with a population of around 179,887 residents and a strong focus on the arts, recreation, and education. Shopping centers in Eugene offer a unique opportunity to tap into the city's natural environment, recreational activities, and cultural attractions, making them an attractive investment option. These properties can represent a range of investments, from retail spaces to mixed-use developments, and can cater to the diverse needs of the local community. With amenities like Spencer Butte Park, Hendricks Park, and the Owen Memorial Rose Garden, Eugene provides an ideal setting for shopping centers that can offer a unique blend of convenience, entertainment, and community engagement. The city's infrastructure, including the Eugene Water & Electric Board, NW Natural, and the Metropolitan Wastewater Management Commission, ensures that shopping centers have access to essential services. Additionally, the presence of major employers like PeaceHealth Medical Group, the University of Oregon, and the Eugene School District creates a stable economic environment that can support the success of shopping centers.
With 5 shopping centers for sale in Eugene, investors have a range of options to choose from. The average price per square foot for shopping centers in Eugene is $177 USD, with an average size of 35,890 square feet and a largest size of 44,833 square feet. The average cap rate for shopping centers in Eugene is 7.12%. In addition to shopping centers, Eugene also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Eugene can capitalize on the city's food culture, while specialty properties can cater to the needs of the local arts and recreation scene. Land and office properties, on the other hand, can provide opportunities for development and investment in the city's growing economy. Overall, Eugene offers a unique blend of natural beauty, cultural attractions, and economic stability, making it an attractive location for investors looking to capitalize on the city's growth.
What is the average cap rate for shopping centers in Eugene?
Currently, there are 5 shopping centers for sale in Eugene, with an average cap rate of 7.12%, making them an attractive investment opportunity for those looking to capitalize on the city's strong retail market.
