Auburn, Alabama, is a historic college town that offers a unique blend of education, sports, and culture, making it an attractive location for investing in retail properties. With a strong presence of Auburn University, the city's economy is driven by education and sports, providing a stable foundation for businesses to grow. Retail properties in Auburn offer a range of investment opportunities, from small boutiques to larger commercial spaces, catering to the diverse needs of the local community. The city's amenities, such as the Jule Collins Smith Museum of Fine Art, the Telfair Peet Theatre, and Chewacla State Park, make it an attractive location for residents and visitors alike. Auburn's infrastructure, including its airport and major highways, provides easy access to the city, making it an ideal location for businesses to reach a wider audience. With a population of around 80,000, Auburn offers a significant market for retail businesses to tap into.
Currently, there are 7 retail properties available for sale in Auburn, offering a range of investment opportunities. The average price per square foot for retail properties in Auburn is $523 USD, with an average size of 28,241 square feet. The largest retail property available for sale is 97,668 square feet. In addition to retail properties, Auburn also offers a range of other commercial properties, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Auburn offer a range of retail spaces, from small boutiques to larger anchor stores. Restaurants in Auburn cater to a diverse range of tastes, from Southern comfort food to international cuisine. Office properties in Auburn offer a range of spaces, from small startups to larger corporate offices. Hotels in Auburn provide convenient accommodation for visitors, with a range of options from budget-friendly to luxury. With its unique blend of education, sports, and culture, Auburn is an attractive location for businesses to invest and grow.
What is the average cap rate for retail properties in Auburn?
For investors seeking retail properties in Auburn, it's essential to understand the average cap rate, which currently stands at 6%. To better comprehend this metric, it's crucial to know what a cap rate is - essentially, it's the rate of return on an investment based on its expected income, 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 Auburn, Alabama, the location and foot traffic of retail properties have a significant impact on their values. Properties situated in high-traffic areas, such as downtown Auburn near Jordan-Hare Stadium or around Auburn University, tend to have higher values due to their proximity to major attractions and events, which can drive foot traffic and increase business opportunities.
