Shopping Centers in Billings, Montana offer a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 110,000 residents. As a major retail destination, Billings attracts shoppers from across eastern Montana, making it an ideal location for shopping centers. These properties can represent a range of investments, from strip centers and power centers to regional malls and outlet centers. With amenities like ZooMontana, Yellowstone Art Museum, and proximity to landmarks like Pompey's Pillar and Little Bighorn Battlefield, Billings is an attractive location for businesses and tourists alike. The city's infrastructure, including the Skypoint structure, the MET Transit Center, and the Yellowstone River bridge, supports a high volume of traffic and commerce. Additionally, the presence of national companies like GE, Wells Fargo, and First Interstate Bank contributes to the city's economic stability.
With 1 shopping centers for sale in Billings, investors have a range of options to choose from. These properties offer an average price per square foot of $309 USD and an average size of 7,730 square feet, with the largest property spanning 7,730 square feet. The average cap rate for shopping centers in Billings is. In addition to shopping centers, Billings also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Billings benefit from the city's strong hospitality sector, while specialty properties like the Moss Mansion Historic House Museum and Yellowstone Art Museum attract tourists and locals alike. Land in Billings is in high demand, particularly in areas like the West End and Shiloh corridor, where new developments are underway. Office properties in Billings are also sought after, with many national companies establishing operations centers in the city's business parks and downtown core. Overall, Billings offers a diverse range of investment opportunities for those looking to capitalize on the city's growth and economic stability.
What is the average cap rate for shopping centers in Billings?
The average cap rate for shopping centers in Billings is , which is a key consideration for investors looking to capitalize on the city's strong retail sector, supported by its position as a major retail destination and trade hub for eastern Montana.
