Bellevue, Washington, is a prime location for investing in Retail Properties For Sale, with its strong economy and diverse range of businesses. As a hub for technology and software development, Bellevue attracts a high median household income and a population of around 140,000 people. Retail Properties in Bellevue offer a unique opportunity to tap into the city's growing commercial sector, with major corporations like PACCAR Inc, T-Mobile US, Valve, Amazon, Facebook, Google, Meta, Oracle, Salesforce, and Microsoft calling the city home. The city's infrastructure, including utilities like Bellevue Utilities and Puget Sound Energy, and public services like the Bellevue Fire Department and Bellevue Police Department, ensure a stable and supportive environment for businesses to thrive. Additionally, Bellevue's scenic vistas of the Olympic Mountains and Cascade Mountains, as well as its numerous parks and recreational facilities, make it an attractive location for residents and visitors alike. With 4 Retail Properties For Sale, there are plenty of opportunities to invest in this thriving city.
Bellevue's Retail Properties offer a range of investment opportunities, from small strip centers to large shopping malls. With an average price per square foot of $907 USD and an average size of 6,318 square feet, these properties are an attractive option for investors. The city's strong economy and growing population ensure a high demand for retail space, making it an ideal location for investors looking to capitalize on the retail market. Additionally, Bellevue is home to a range of other property types, including Shopping Centers, Restaurants, Office Properties, and Hotels, offering a diverse range of investment opportunities. For example, the city's Shopping Centers, like the Factoria Mall and Crossroads Mall, offer a mix of retail and dining options, while its Restaurants, like those in the Downtown area, provide a unique culinary experience. The city's Office Properties, like those in the Bellevue Downtown area, offer a range of office spaces, from small startups to large corporations, and its Hotels, like the Hyatt Regency Bellevue, provide a comfortable and convenient place to stay for visitors. With so many investment opportunities available, Bellevue is an attractive location for investors looking to diversify their portfolio.
What is the average cap rate for retail properties in Bellevue?
When it comes to retail properties in Bellevue, investors can expect an average cap rate of. For those new to commercial real estate investing, a cap rate, or capitalization rate, is a crucial metric that helps determine a property's potential return on investment - to learn more, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
When it comes to retail properties in Bellevue, location and foot traffic play a significant role in determining property values. Properties situated in high-traffic areas, such as Downtown Bellevue or the Overlake Shopping District, tend to command higher values due to their proximity to major employers, public transportation, and amenities, which attract a large customer base and drive sales.
