Boca Raton, a city in Palm Beach County, Florida, is an attractive location for investing in shopping centers. With its rich history, luxury beach culture, and Mediterranean Revival architecture, Boca Raton offers a unique blend of business and leisure opportunities. Shopping centers in Boca Raton are a great investment opportunity, providing a stable source of income and potential for long-term growth. These properties can represent a variety of investments, including retail spaces, restaurants, and entertainment venues, catering to the city's affluent and educated population. Boca Raton's infrastructure, including the Tri-Rail commuter rail system, freight services, and major roads, makes it an ideal location for shopping centers. The city's amenities, such as the Boca Raton Museum of Art, Mizner Park Cultural Center, and the amphitheater, also contribute to its appeal. With a low crime rate and strict development codes, Boca Raton is an attractive location for businesses and residents alike. The city's proximity to Florida Atlantic University, the Evert Tennis Academy, and the Boca Raton Airport further enhance its appeal.
With 1 shopping centers for sale in Boca Raton, investors have a range of options to choose from. The average price per square foot is $7,324 USD, and the average size is 1,075 square feet, with the largest property spanning 1,075 square feet. The average cap rate is 6.15%. In addition to shopping centers, Boca Raton also offers other investment opportunities, including restaurants, specialty properties, land, and office properties. Restaurants in Boca Raton can thrive in the city's upscale dining scene, while specialty properties, such as those in the arts and culture sector, can benefit from the city's rich cultural landscape. Land investments in Boca Raton can provide a blank canvas for development, while office properties can cater to the city's growing business community. Overall, Boca Raton offers a diverse range of investment opportunities, making it an attractive location for investors.
What is the average cap rate for shopping centers in Boca Raton?
The average cap rate for shopping centers in Boca Raton is 6.15%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail market, which is supported by a diverse economy, high-end gated communities, and a population of around 90,000 residents.
