Retail Properties in Bismarck, North Dakota offer a unique investment opportunity, with the city's strong economy and growing population making it an attractive location for businesses. As the state capital and county seat of Burleigh County, Bismarck has a diverse range of industries, including government, retail, and healthcare, which drives demand for retail space. Retail Properties in Bismarck can represent a variety of investments, from small strip centers to large shopping malls, and can cater to a range of businesses, from local boutiques to national chain stores. The city's amenities, such as the Bismarck Parks and Recreation District, which operates many parks, swimming pools, and golf courses, make it an attractive location for businesses and residents alike. Additionally, the city's infrastructure, including Interstate 94 and U.S. Route 83, makes it easily accessible for customers and employees. The University of Mary and Bismarck State College also contribute to the city's educated workforce, making it an ideal location for businesses. With its rich history and cultural attractions, such as the Belle Mehus Auditorium and the Cathedral District, Bismarck is a great place for business and travel.
Bismarck's Retail Properties are situated in a city with a strong economy and a growing population of around 74,000 people. The city's retail market is supported by a range of other property types, including Shopping Centers, which offer a variety of retail and dining options, such as the Gateway Fashion Mall and Northbrook Mall. Restaurants, like those in the downtown area, cater to a range of tastes and cuisines. Office Properties, such as those in the city's central business district, provide space for businesses and professionals. Hotels, like the Bismarck Hotel and Conference Center, offer accommodations for visitors and business travelers. With its diverse range of property types and strong economy, Bismarck is an attractive location for investors and businesses. The city's Retail Properties, with an average price per square foot of $298 USD and an average size of 54,394 square feet, offer a range of investment opportunities. The largest Retail Property available is 105,000 square feet, providing ample space for businesses. With an average cap rate of 6%, Retail Properties in Bismarck offer a stable investment opportunity.
What is the average cap rate for retail properties in Bismarck?
When it comes to retail properties in Bismarck, investors can expect an average cap rate of 6%, which is a key metric to consider when evaluating the potential return on investment. For those new to commercial real estate investing, it's essential to understand what a cap rate is - check out our article on what is a cap rate to learn more about this crucial concept.
How do location and foot traffic affect retail property values?
In Bismarck, North Dakota, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-traffic areas, such as downtown Bismarck or near major shopping centers like Gateway Fashion Mall and Northbrook Mall, tend to have higher values due to increased visibility and accessibility, whereas those in less populated areas may have lower values.
