Pleasanton, California, offers a unique opportunity for investors to capitalize on the city's strong economy and desirable location. With a population of around 80,000, Pleasanton is an attractive destination for businesses and residents alike. Retail Properties in Pleasanton are a wise investment choice, providing a stable source of income and potential for long-term growth. These properties can represent a variety of investments, from single-tenant buildings to multi-unit shopping centers. Pleasanton's excellent schools, including Amador Valley High School and Foothill High School, make it an attractive location for families, while its proximity to major highways and BART stations ensure easy access to the surrounding Bay Area. The city's downtown area is also home to a variety of restaurants, retailers, and service businesses, making it an ideal location for Retail Properties. Additionally, Pleasanton is home to major corporations like Safeway, Workday, and Kaiser Permanente, which contribute to the city's strong economic development.
Currently, there are 5 Retail Properties available for sale in Pleasanton, offering a range of options for investors. The average price per square foot for these properties is $666 USD, with an average size of 10,558 square feet. The largest property available is 19,200 square feet. In addition to Retail Properties, Pleasanton also offers a range of other property types, including Shopping Centers, which provide a hub for local businesses and services. Restaurants are also a popular option, with many establishments located in the city's downtown area. Office Properties are another viable option, with many major corporations having a presence in the city. Hotels are also available, catering to the city's business travelers and tourists. With its strong economy, excellent schools, and desirable location, Pleasanton is an attractive destination for investors and businesses alike.
What is the average cap rate for retail properties in Pleasanton?
For investors seeking to capitalize on the strong retail market in Pleasanton, the average cap rate for retail properties in this affluent East Bay city is 5.89%. To better understand the significance of this rate, it's essential to know what is a cap rate, which represents the rate of return on investment based on the property's net operating income and its value.
How do location and foot traffic affect retail property values?
In Pleasanton, California, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-demand areas with heavy foot traffic, such as downtown Pleasanton or the Stoneridge Shopping Center, tend to command higher prices per square foot, with an average price per square foot of $666 USD, and average sizes ranging from 10,558 square feet to 19,200 square feet.
