Layton, Utah, is a prime location for investing in retail properties, with its growing population and economic development making it an attractive destination for businesses and residents alike. Retail properties in Layton offer a range of investment opportunities, from small storefronts to large shopping centers, catering to various needs and budgets. With its proximity to Salt Lake City, Ogden, and the Salt Lake City International Airport, Layton provides easy access to major transportation hubs, making it an ideal location for businesses that rely on logistics and transportation. Additionally, the city's amenities, such as the Layton Hills Mall, Cinemark and AMC movie theaters, and the Davis Conference Center, contribute to its appeal as a retail destination. Layton's educational institutions, including Weber State University's Davis campus and NUAMES, also attract a diverse population, supporting the local retail economy. The city's geography, with the Wasatch Mountains to the east, provides a unique setting that enhances its appeal to residents and visitors.
Layton's retail properties are situated in a context that offers a range of nearby amenities and attractions. The city is home to 7 retail properties for sale, with an average price per square foot of $594 USD and an average size of 9,018 square feet. The largest retail property available is 25,157 square feet. Shopping centers in Layton, such as the Layton Hills Mall, offer a range of retail and dining options, while restaurants in the area cater to diverse tastes and preferences. Office properties in Layton, including those in the East Gate Business Park, provide a range of spaces for businesses, from small startups to large corporations. Hotels in the area, such as those in the hospitality district, offer convenient accommodations for visitors and business travelers. Overall, Layton's retail properties offer a unique combination of location, amenities, and investment opportunities, making it an attractive destination for businesses and investors.
What is the average cap rate for retail properties in Layton?
For investors seeking retail properties in Layton, understanding the average cap rate is crucial. According to current listings, the average cap rate for retail properties in Layton is 6.1%, which can help investors determine the potential return on investment; to learn more about how cap rates work, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Layton, Utah, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near major transportation facilities like I-15, U.S. 89, and the FrontRunner commuter rail, as well as those in close proximity to popular amenities like Layton Hills Mall, tend to have higher values due to increased foot traffic and accessibility.
