Abilene, Texas, is an attractive destination for investors seeking to capitalize on the city's growing retail sector. With 18 retail properties for sale, Abilene offers a diverse range of investment opportunities. Retail properties in Abilene can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and restaurants. The city's strong economy, fueled by its three Christian universities, Abilene Christian University, McMurry University, and Hardin Simmons University, and its position as a commercial, retail, medical, and transportation hub, make it an ideal location for retail investments. Abilene's amenities, infrastructure, location, education, and geography also contribute to its appeal, with attractions like the Abilene Zoo, the 12th Armored Division Museum, and Frontier Texas! drawing visitors from across the region. Additionally, the city's major transportation facilities, including the Abilene Regional Airport and Interstate 20, provide easy access to other major areas in Texas.
Abilene's retail properties offer a unique blend of small-town charm and big-city amenities, making them an attractive option for investors. The city's north and south divisions, separated by the former Texas and Pacific Railway, provide a range of opportunities for retail investments. Nearby, shopping centers like the Mall of Abilene offer a variety of retail options, while restaurants like the Mill Winery and the Zone 126 Sports Bar and Grill provide a taste of the local culture. Office properties in Abilene, such as the Enterprise Tower, offer a range of options for businesses, while hotels like the Hilton Garden Inn Abilene and the Abilene Marriott Hotel provide accommodations for visitors. With its strong economy, diverse range of investments, and small-town charm, Abilene is an attractive destination for investors seeking to capitalize on the city's growing retail sector.
What is the average cap rate for retail properties in Abilene?
When it comes to retail properties in Abilene, investors can expect an average cap rate of 7.51%. To better understand the significance of this rate, it's essential to know what a cap rate is - for a detailed explanation, check out our article on what is a cap rate, which breaks down the capitalization rate and its importance in commercial real estate investing.
How do location and foot traffic affect retail property values?
In Abilene, Texas, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near major transportation hubs like Interstate 20, US highways 83, 84, and 277, and the Abilene Regional Airport tend to have higher values due to increased visibility and accessibility, with an average price per square foot of $285 USD and an average size of 8,392 square feet.
