Shopping Centers in Hoover, Alabama, offer a unique investment opportunity for those looking to tap into the city's growing economy. As the largest suburban city in the state, Hoover has experienced significant growth since its incorporation in 1967, with a diverse economy driven by major shopping centers, office parks, and large corporations. Shopping Centers in Hoover can represent a range of investments, from retail spaces to office buildings, and even mixed-use developments. With amenities like the Riverchase Galleria, Hoover Metropolitan Stadium, and Aldridge Botanical Gardens, Hoover is an attractive location for businesses and residents alike. The city's infrastructure, including the Municipal Center, Library, and Public Safety Center, also supports a strong business environment. Additionally, Hoover's location near the foothills of the Appalachian Mountains and its proximity to major highways like I-65 and I-459 make it an ideal location for businesses looking to serve the surrounding region.
With 5 Shopping Centers for sale in Hoover, investors have a range of options to choose from. The average price per square foot for Shopping Centers in Hoover is $227 USD, with an average size of 58,412 square feet. The largest Shopping Center available is 99,459 square feet. In addition to Shopping Centers, Hoover also offers other investment opportunities, including Restaurants, Specialty Properties, Land, and Office Properties. Restaurants in Hoover benefit from the city's strong retail sector, while Specialty Properties offer unique opportunities for businesses looking to establish a presence in the area. Land investments in Hoover provide a blank canvas for developers, while Office Properties in the city's office parks, such as Riverchase Office Park, offer a range of options for businesses looking to establish a presence in the area. Overall, Hoover's diverse economy and range of investment opportunities make it an attractive location for businesses and investors alike.
What is the average cap rate for shopping centers in Hoover?
The average cap rate for shopping centers in Hoover is 6.75%, which is a key consideration for investors looking to purchase one of the 5 available listings, with average prices per square foot of $227 USD and average sizes of 58,412 square feet, ranging up to 99,459 square feet.
