Gastonia, North Carolina, offers a unique opportunity for investors to capitalize on the city's diverse economy and growing population. With a rich history in textile manufacturing and a strong presence of healthcare, education, and government sectors, Gastonia provides a stable foundation for retail investments. Retail properties in Gastonia can represent a range of investments, from small, independent shops to larger, big-box stores. The city's amenities, such as the Schiele Museum of Natural History and the Daniel Stowe Botanical Garden, attract visitors and locals alike, creating a demand for retail spaces. Gastonia's location, approximately 21 miles west of Charlotte, also makes it an attractive option for businesses looking to serve the surrounding area. The city's infrastructure, including the Gastonia Transit bus service and the Charlotte Area Transit System, provides easy access to the city and its surrounding areas. With a population of around 70,000, Gastonia offers a sizable market for retail businesses. The city is also home to several major employers, including Gaston County Schools and CaroMont Health, which contribute to the local economy.
Gastonia's retail properties are situated in a city with a strong sense of community and a growing economy. Nearby, the city's shopping centers, such as the Eastridge Mall, offer a range of retail options for locals and visitors. Restaurants, like those in the Franklin Urban Sports and Entertainment (FUSE) District, provide a unique dining experience for the community. Office properties, including those in the downtown area, serve as hubs for local businesses and entrepreneurs. Hotels, such as those near the Gastonia Municipal Airport, cater to travelers and business professionals. With 11 retail properties available for sale, investors have a range of options to choose from. The average price per square foot for retail properties in Gastonia is $137 USD, with an average size of 8,517 square feet. The largest retail property available is 23,281 square feet. The average cap rate for retail properties in Gastonia is 5.24%. Gastonia's unique blend of history, culture, and economic growth makes it an attractive location for retail investments.
What is the average cap rate for retail properties in Gastonia?
When it comes to retail properties in Gastonia, investors can expect an average cap rate of 5.24%. For those new to commercial real estate investing, understanding the capitalization rate, or cap rate, is crucial, and we've got you covered - check out our in-depth article on what is a cap rate to learn more.
How do location and foot traffic affect retail property values?
In Gastonia, where there are currently 11 retail properties for sale, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as the revitalized Downtown Gastonia Historic District or the Franklin Urban Sports and Entertainment (FUSE) District, tend to command higher values due to their proximity to local amenities, infrastructure, and a strong customer base, which can drive sales and revenue for businesses.
