South Jordan, Utah, offers a unique opportunity for investors to capitalize on the growing demand for retail properties. With a population of approximately 80,000 residents, the city provides a stable and growing market for businesses to thrive. Retail properties in South Jordan can represent a variety of investments, from small strip malls to large shopping centers, each offering a unique set of benefits and opportunities. The city's amenities, infrastructure, and location make it an attractive place to invest in retail properties. For example, the city's proximity to Salt Lake City and its access to major highways, such as Interstate 15, make it an ideal location for businesses that rely on foot traffic and easy transportation. Additionally, the city's growing population and diverse economy, which includes major industries such as healthcare and technology, provide a strong foundation for retail businesses to succeed. The city is also home to several notable attractions, including the Oquirrh Lake and the Salt Lake County fairgrounds, which draw visitors from surrounding areas and provide opportunities for businesses to capitalize on tourism.
South Jordan's retail properties offer a range of opportunities for investors, from small, neighborhood-focused businesses to larger, more regional retail centers. The city's shopping centers, such as the Daybreak Town Center, offer a mix of local and national retailers, while its restaurants provide a diverse range of dining options for residents and visitors. Office properties in South Jordan are also available, offering a range of spaces for businesses to establish themselves in the city. Hotels, such as the SpringHill Suites by Marriott, provide accommodations for visitors and business travelers. With 7 retail properties currently available for sale, investors have a range of options to choose from. The average price per square foot for retail properties in South Jordan is $453 USD, with an average size of 26,382 square feet. The largest retail property available is 113,531 square feet, offering a significant opportunity for investors looking to make a major impact in the city's retail market.
What is the average cap rate for retail properties in South Jordan?
When it comes to retail properties in South Jordan, investors can expect an average cap rate of 6.28%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how this rate is calculated and what it means for your investment, 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 South Jordan, Utah, the location and foot traffic of a retail property significantly impact its value. For instance, properties situated near major transportation hubs like the TRAX light rail Red Line and the FrontRunner commuter rail system, or in high-traffic areas like the Daybreak Community, tend to have higher values due to increased visibility and accessibility, with an average price per square foot of $453 USD and an average size of 26,382 square feet.
