Retail Properties in Sunrise, Florida offer a unique investment opportunity for those looking to tap into the city's growing economy. As a hub for commercial developments, corporate attraction, and service and operations centers, Sunrise provides an ideal environment for retail businesses to thrive. Retail Properties in Sunrise can represent a range of investments, from small strip centers to large shopping malls, each offering a unique set of benefits and opportunities. With its proximity to major transportation hubs, including the Florida Turnpike, I-95, and Sawgrass Expressway, Sunrise provides easy access to major areas such as Miami-Dade, Broward, and Palm Beach counties. The city's diverse population, with a mix of different ethnicities and languages spoken, also creates a dynamic market for retail businesses. Additionally, Sunrise is home to several major attractions, including Sawgrass Mills and the Amerant Bank Arena, which draw in tourists and locals alike.
With 7 Retail Properties for sale in Sunrise, investors have a wide range of options to choose from. The average price per square foot for Retail Properties in Sunrise is $686 USD, with an average size of 27,507 square feet. The largest Retail Property available is 52,000 square feet. Shopping Centers in Sunrise offer a unique opportunity to invest in a bustling retail hub, while Restaurants provide a chance to tap into the city's growing food scene. Office Properties in Sunrise are ideal for businesses looking to establish a presence in the city, and Hotels offer a chance to capitalize on the city's tourist traffic. With its diverse economy and growing population, Sunrise is an attractive location for investors looking to expand their retail portfolio.
What is the average cap rate for retail properties in Sunrise?
When it comes to investing in retail properties in Sunrise, understanding the average cap rate is crucial. According to current listings, the average cap rate for retail properties in Sunrise is 5.8%, which can help investors gauge the potential return on investment; to learn more about how cap rates work, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Sunrise, Florida, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as Sawgrass Mills or along major roads like the Florida Turnpike and I-95, tend to have higher values due to their accessibility and visibility, which can attract more customers and increase revenue potential.
