Auburn, Washington, offers a diverse range of retail properties for sale, providing investors with opportunities to capitalize on the city's growing economy and strategic location within the Seattle metropolitan area. With a population of approximately 80,000 residents, Auburn presents a stable market for retail investments. Retail properties in Auburn can represent a variety of investments, from small, independent shops to larger, big-box stores. Investors can choose from a range of property types, each with its unique characteristics and potential for returns. Auburn's retail properties are attractive due to the city's well-developed infrastructure, including major roads like State Route 167 and State Route 18, as well as a transit center and commuter train service to Downtown Seattle. The city is also home to several educational institutions, including Green River College, and features a mix of local and national retailers, such as the Outlet Collection Seattle. Additionally, Auburn's proximity to the White and Green Rivers and its scenic parks and trails make it an attractive location for both residents and visitors. The city's diverse economy, which includes major employers like the Boeing Plant and the United States General Services Administration, contributes to its stability and potential for growth.
Auburn's retail properties are situated in a city with a rich history and a strong sense of community. The city's downtown area is home to a variety of shops, restaurants, and cultural attractions, including the White River Valley Museum and the Auburn Transit Center. Nearby, the Emerald Downs thoroughbred racetrack offers a unique entertainment experience, attracting visitors from throughout the region. With 3 retail properties currently available for sale, investors have a range of options to choose from. The average price per square foot for retail properties in Auburn is $573 USD, with an average size of 28,202 square feet. The largest retail property available is 53,665 square feet. Other property types available in Auburn include shopping centers, restaurants, office properties, and hotels. Shopping centers in Auburn offer a range of retail and dining options, while restaurants in the city cater to a diverse range of tastes and cuisines. Office properties in Auburn are home to a variety of businesses, from small startups to larger corporations. Hotels in the city provide convenient accommodations for visitors and business travelers. Overall, Auburn's retail properties offer a unique combination of location, infrastructure, and community, making them an attractive investment opportunity.
What is the average cap rate for retail properties in Auburn?
When it comes to retail properties in Auburn, investors can expect an average cap rate of 7%, which is a key metric to consider when evaluating the potential return on investment. To better understand how this rate is calculated and what it means for your investment, be sure to check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Auburn, Washington, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near major transportation hubs like the Auburn Transit Center, or in high-traffic areas such as the Outlet Collection Seattle, formerly known as the SuperMall of the Great Northwest, tend to command higher prices due to their accessibility and exposure to potential customers, with an average price per square foot of $573 USD and an average size of 28,202 square feet.
