Suffolk, Virginia, offers a unique opportunity for investors to tap into the city's diverse economy and growing population of around 90,000 residents. Shopping Centers in Suffolk for sale present an attractive investment option, providing a stable source of income and potential for long-term appreciation. These properties can represent a range of investments, from retail spaces to mixed-use developments, offering flexibility for investors. Suffolk's strategic location, with its proximity to major transportation routes, including U.S. Highways 17, 13, 58, 258, and 460, as well as Interstate 664, makes it an ideal location for businesses and residents alike. The city's amenities, such as the Louise Obici Memorial Hospital, the Great Dismal Swamp, and the Suffolk Center for Cultural Arts, contribute to its appeal. Additionally, Suffolk is home to major corporations like Unilever, Lipton Tea, and Lockheed Martin, further solidifying its position as a hub for industry and commerce.
With 2 Shopping Centers for sale in Suffolk, investors have a range of options to choose from. Suffolk's diverse economy, which includes industrial, manufacturing, distribution, retail, and hospitality businesses, as well as active farming, provides a strong foundation for Shopping Centers to thrive. In addition to Shopping Centers, Suffolk also offers opportunities for investment in Restaurants, Specialty Properties, Land, and Office Properties, each with its unique characteristics and benefits. For instance, Restaurants in Suffolk can capitalize on the city's growing population and tourist attractions, while Specialty Properties can cater to the city's diverse industries. Land and Office Properties, on the other hand, offer opportunities for development and long-term appreciation. Overall, Suffolk presents a compelling case for investors seeking to diversify their portfolios and tap into the city's growth potential.
What is the average cap rate for shopping centers in Suffolk?
For investors seeking to diversify their portfolios, Suffolk's shopping centers offer an attractive average cap rate of 8%, making them a compelling opportunity in the Hampton Roads metropolitan area.
