West Jordan, Utah, is an attractive location for investors seeking to capitalize on the growing demand for retail properties. With a population of approximately 120,000, West Jordan offers a significant customer base for retailers, making it an ideal location for retail properties. Retail properties in West Jordan can represent a range of investments, from strip centers and shopping malls to freestanding buildings and restaurants. These properties often benefit from the city's convenient location, with easy access to major highways and public transportation options. West Jordan's amenities, such as the Jordan Valley Medical Center, Gardner Village, and the Viridian Events Center and Library, also contribute to its appeal as a retail hub. The city's geography, with the Oquirrh Mountains to the west and the Jordan River to the east, provides a unique setting that attracts residents and visitors alike. Additionally, West Jordan is home to notable companies like Mountain America Credit Union, Lynco Sales & Service, SME Steel, and Cyprus Credit Union, which further enhance the city's business-friendly environment.
With 6 retail properties for sale in West Jordan, investors have a range of options to choose from. The city's retail landscape is diverse, with properties available in various sizes, from 38,070 square feet to 113,531 square feet. The average price per square foot for retail properties in West Jordan is $403 USD, and the average cap rate is 6.25%. In addition to retail properties, West Jordan is also home to shopping centers, restaurants, office properties, and hotels, each offering unique investment opportunities. Shopping centers, like Jordan Landing, provide a hub for commercial activities, while restaurants and office properties cater to the city's growing workforce. Hotels, such as those near the South Valley Regional Airport, serve visitors and business travelers alike. Overall, West Jordan's retail properties offer a compelling investment opportunity, with a strong potential for returns in a growing and dynamic market.
What is the average cap rate for retail properties in West Jordan?
When it comes to retail properties in West Jordan, investors can expect an average cap rate of 6.25%, which is a key metric to consider when evaluating potential investments. For those new to commercial real estate investing, it's essential to understand what a cap rate is - essentially, it's a measure of a property's potential return on investment, 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 West Jordan, Utah, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-traffic areas, such as Jordan Landing, Gardner Village, or along major roadways like Interstate 15 and Bangerter Highway, tend to command higher prices due to their visibility and accessibility, with an average price per square foot of $403 USD and an average size of 38,070 square feet.
