Auburn, Alabama, is a historic college town known for its strong educational institutions and sports culture, making it an attractive location for investing in shopping centers. With a diverse economy centered around Auburn University, the city offers a unique blend of academic and athletic attractions that draw visitors and residents alike. Shopping centers in Auburn can represent a range of investment opportunities, from small, locally-owned boutiques to larger retail complexes. Auburn's amenities, such as the Jule Collins Smith Museum of Fine Art and the Telfair Peet Theatre, contribute to its charm and make it an attractive location for businesses and residents. The city's infrastructure, including Interstate 85 and the Auburn University Regional Airport, provides convenient access to major transportation hubs. With a population of around 80,000, Auburn offers a stable and growing market for shopping centers. The city's attractions, such as Jordan-Hare Stadium and the Auburn University Regional Airport, make it a great place for business and travel.
Currently, there are 2 shopping centers for sale in Auburn, offering a range of investment opportunities. The average price per square foot for shopping centers in Auburn is $491 USD, with an average size of 41,849 square feet. The largest shopping center available for sale is 97,668 square feet. In addition to shopping centers, Auburn also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Auburn can benefit from the city's strong sports culture and academic institutions, while specialty properties can take advantage of the city's unique blend of art and culture. Land in Auburn offers opportunities for development, while office properties can benefit from the city's growing economy. With its diverse economy and range of attractions, Auburn is a great place to invest in shopping centers and other property types.
What is the average cap rate for shopping centers in Auburn?
For investors seeking to acquire shopping centers in Auburn, Alabama, the average cap rate is 2.63%, which can provide a promising return on investment in this college town with a strong economy driven by Auburn University and a diverse range of local amenities.
