Buena Park, California, offers a unique opportunity for investors to capitalize on the city's growing retail market. With a population of approximately 80,000 residents, Buena Park provides a diverse customer base for retail businesses. Retail properties in Buena Park can represent a range of investments, from small, independent shops to large, commercial centers. The city's strong infrastructure, including major highways and public transportation options, makes it an attractive location for businesses and customers alike. Additionally, Buena Park is home to several popular attractions, including Knott's Berry Farm and The Source OC retail experience, which draw visitors from across the region. The city's location in northern Orange County also provides easy access to nearby cities and amenities, making it an ideal location for businesses and residents. With its rich history, diverse economy, and strong infrastructure, Buena Park is a great place to invest in a retail property.
Currently, there are 8 retail properties for sale in Buena Park, offering a range of options for investors. The average price per square foot for retail properties in Buena Park is $656 USD, with an average size of 17,972 square feet. The largest retail property available is 43,549 square feet. In addition to retail properties, Buena Park also offers a range of other commercial properties, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Buena Park offer a range of retail and dining options, while restaurants in the city provide a diverse range of cuisines. Office properties in Buena Park are ideal for businesses looking for a convenient and accessible location, while hotels in the city cater to the needs of visitors and tourists. With its diverse range of commercial properties, Buena Park is a great location for businesses and investors alike.
What is the average cap rate for retail properties in Buena Park?
When it comes to retail properties in Buena Park, investors can expect an average cap rate of 6.02%, 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 and how it's calculated, which is why we recommend checking out our article on what is a cap rate to get a better grasp of this important concept.
How do location and foot traffic affect retail property values?
When it comes to retail properties in Buena Park, location and foot traffic play a significant role in determining property values. Properties situated in high-traffic areas, such as the E-Zone district along Beach Boulevard, which is home to popular tourist attractions like Knott's Berry Farm, tend to have higher values due to the increased exposure and potential for revenue generation.
In Buena Park, retail properties with high foot traffic, such as those near Knott's Berry Farm or along Beach Boulevard, tend to have higher property values due to the increased demand and potential for revenue generation. Conversely, properties in areas with lower foot traffic may have lower values, making it essential for investors to carefully consider the location and foot traffic when evaluating retail property investments in Buena Park.
