Springfield, Missouri, offers a diverse range of Retail Properties For Sale, with 22 listings available. Investing in Retail Properties in Springfield can be a wise decision, as the city's strong economy, driven by healthcare, manufacturing, retail, education, and tourism, provides a solid foundation for businesses to thrive. Retail Properties can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and mixed-use developments. Springfield's amenities, infrastructure, location, education, and geography make it an attractive place to invest in Retail Properties. The city is home to major hospitals, universities, and colleges, including Missouri State University and Drury University, and has a strong connection to Route 66 and the Ozarks region. Additionally, Springfield's economy is diverse, with major industries including healthcare, manufacturing, retail, education, and tourism, making it a great place for business and travel, with attractions like the Price Cutter Charity Championship and the Springfield Cardinals.
Springfield's Retail Properties offer a unique opportunity for investors, with a range of options available. The city's strong economy and diverse industries provide a solid foundation for businesses to succeed. Nearby, Shopping Centers offer a range of retail options, while Restaurants provide a variety of dining experiences. Office Properties are also available, offering a range of spaces for businesses to operate. Additionally, Hotels provide accommodations for visitors and travelers. With its strong economy, diverse industries, and range of amenities, Springfield is an attractive place to invest in Retail Properties. The city's unique characteristics, including its association with evangelical Christianity and its role in sports, make it a great place for business and travel, with a range of attractions and events throughout the year.
What is the average cap rate for retail properties in Springfield?
When it comes to retail properties in Springfield, investors can expect an average cap rate of 6.22%, which is a key metric to consider when evaluating the potential return on investment. For those new to commercial real estate investing, it's essential to understand what a cap rate is - essentially, it's the rate of return based on the property's net operating income and its value, and you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Springfield, Missouri, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-traffic areas, such as downtown Springfield or near major highways like Interstate 44, tend to have higher values due to their accessibility and visibility, with an average price per square foot of $217 USD and an average size of 11,828 square feet, while those in less populated areas may have lower values.
