Cary, North Carolina, is an attractive destination for investors seeking to capitalize on the growing demand for Retail Properties. With a strong economy driven by technology companies and manufacturing firms, Cary offers a unique opportunity for businesses to thrive. Retail Properties in Cary are a wise investment choice, as they cater to the needs of the town's growing population of around 170,000 residents. These properties can take various forms, such as strip centers, shopping malls, or standalone stores, offering a range of investment opportunities. Cary's excellent infrastructure, including the Cary/Apex Water Treatment Facility, Duke Energy, and Dominion Energy, ensures that businesses have access to essential services. The town's proximity to major transportation hubs, including Interstate 40, U.S. 1, and the Raleigh–Durham International Airport, makes it an ideal location for businesses that rely on logistics and supply chain management. Additionally, Cary's high educational attainment, safety rankings, and above-average household income create a favorable environment for businesses to flourish. The town's amenities, such as the Fred G. Bond Metro Park, Hemlock Bluffs Nature Preserve, and William B. Umstead State Park, also contribute to its appeal as a great place to live, work, and visit.
Cary's Retail Properties offer a unique blend of convenience, accessibility, and affordability, making them an attractive option for investors. With 6 Retail Properties currently available for sale, investors have a range of options to choose from. The average price per square foot for Retail Properties in Cary is $540 USD, with an average size of 8,276 square feet. The largest Retail Property available for sale spans 19,600 square feet. Shopping Centers, Restaurants, Office Properties, and Hotels are also available in Cary, offering investors a diverse range of options. For instance, Shopping Centers in Cary provide a convenient location for businesses, with easy access to major roads and highways. Restaurants in Cary cater to the town's growing population, offering a range of cuisines and dining experiences. Office Properties in Cary are ideal for businesses seeking a professional environment, with amenities such as high-speed internet and modern infrastructure. Hotels in Cary provide a comfortable stay for visitors, with amenities such as pools, fitness centers, and restaurants. Overall, Cary's Retail Properties offer a unique investment opportunity, with a strong potential for growth and returns.
What is the average cap rate for retail properties in Cary?
When it comes to retail properties in Cary, investors can expect an average cap rate of 6%, which is a key metric to consider when evaluating potential investments. 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?
In Cary, North Carolina, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near major transportation hubs like the Cary Station and Raleigh-Durham International Airport, or in areas with high foot traffic like downtown Cary, tend to have higher values due to their accessibility and visibility, with an average price per square foot of $540 USD and an average size of 8,276 square feet.
