Boynton Beach, Florida, offers a unique opportunity for investors to capitalize on the city's growing retail market. With a population of approximately 80,000 residents, Boynton Beach provides a stable customer base for retail businesses. Retail properties in Boynton Beach can represent a range of investments, from small, independent shops to larger, big-box stores. The city's infrastructure, including a Tri-Rail station and local bus services, makes it an attractive location for businesses and residents alike. Additionally, the presence of institutions like the Boynton Beach Mall and the Boynton Beach Community High School contribute to the area's appeal. The city's geography, with its proximity to the Intracoastal Waterway and the Atlantic Ocean, also makes it an attractive location for businesses and residents who value a coastal lifestyle. With its rich history and cultural offerings, Boynton Beach is a great place for business and travel, attracting visitors to its many attractions, including the Schoolhouse Children's Museum & Learning Center.
Boynton Beach is home to a range of property types, including 13 retail properties for sale. The city's retail market is complemented by other property types, such as shopping centers, which offer a range of amenities and services to residents and visitors. Restaurants in Boynton Beach provide a diverse range of dining options, from casual eateries to fine dining establishments. Office properties in the city are home to a range of businesses, from small startups to larger corporations. Hotels in Boynton Beach cater to the city's tourism industry, providing accommodations for visitors to the area. With its mix of property types and amenities, Boynton Beach is a great place to invest in a retail property, with opportunities for businesses to thrive in a growing and dynamic market. The average price per square foot for retail properties in Boynton Beach is $874 USD, with an average size of 8,193 square feet. The largest retail property available in the city is 51,124 square feet, offering a range of possibilities for businesses and investors. The average cap rate for retail properties in Boynton Beach is 4.5%, making it an attractive option for investors looking for a stable return on their investment.
What is the average cap rate for retail properties in Boynton Beach?
When it comes to retail properties in Boynton Beach, investors can expect an average cap rate of 4.5%. To better understand the significance of this rate, it's essential to know what a cap rate is - essentially, it's a measure of a property's potential return on investment, and you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Boynton Beach, where there are currently 13 retail properties for sale, location plays a significant role in determining property values. Properties situated in high-traffic areas, such as the Boynton Beach Mall, Boynton Town Center, and Renaissance Commons, tend to command higher prices due to their proximity to major transportation facilities, including the Tri-Rail station and local buses, which attract a large customer base.
