Lehi, Utah, is an attractive location for investors looking to purchase retail properties, with its growing population and expanding economy. Retail properties in Lehi offer a range of investment opportunities, from small, independent shops to larger, big-box stores. These properties can provide a steady stream of income through rental agreements or can be used as a location for a business. Lehi's amenities, such as the IASIS Healthcare hospital and the Thanksgiving Point museum complex, make it an attractive location for businesses and residents alike. The city's infrastructure, including Interstate 15 and State Route 92, provides easy access to surrounding areas. Additionally, Lehi's education system, including Utah State University's extension at Thanksgiving Point, makes it an attractive location for families and businesses. The city's geography, with its semi-arid climate and scenic views, also makes it an attractive location for outdoor enthusiasts. With attractions like the Lehi Roller Mills and the Hutchings Museum, Lehi is a great place for business and travel.
Currently, there are 6 retail properties for sale in Lehi, offering a range of investment opportunities. The average price per square foot for these properties is $962 USD, with an average size of 27,320 square feet. The largest property available is 88,018 square feet. In addition to retail properties, Lehi also offers shopping centers, such as the Outlets at Traverse Mountain, which provide a range of shopping and dining options. Restaurants, like the ones found in downtown Lehi, offer a variety of cuisines and dining experiences. Office properties, such as those found in the Lehi Tech Corridor, provide space for businesses to operate and grow. Hotels, like the ones found near Interstate 15, offer accommodations for travelers and tourists. With its growing economy and range of amenities, Lehi is an attractive location for businesses and investors.
What is the average cap rate for retail properties in Lehi?
When it comes to retail properties in Lehi, investors can expect an average cap rate of 5.95%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment strategy, be sure to check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Lehi, Utah, the location and foot traffic of retail properties play a significant role in determining their values. Properties situated near major attractions like Thanksgiving Point, Lehi Roller Mills, and along Interstate 15, which runs through the city, tend to have higher values due to increased foot traffic and visibility, with an average price per square foot of $962 USD and an average size of 27,320 square feet.
