Retail Properties in Citrus Heights offer a unique opportunity for investors to capitalize on the city's growing economy. With a population of approximately 90,000 residents, Citrus Heights provides a stable customer base for retail businesses. Retail Properties in Citrus Heights can represent a variety of investments, including shopping centers, restaurants, and office properties. The city's infrastructure, including Interstate 80 and the Capital City Freeway, makes it an attractive location for businesses that rely on transportation and logistics. Additionally, Citrus Heights is home to Sunrise Mall, a prominent shopping center that attracts visitors from surrounding areas. The city's mild climate, with average temperatures ranging from 45°F to 76°F, also makes it an ideal location for businesses that rely on outdoor activities. With its diverse economy and growing population, Citrus Heights is a great place for business and travel, with attractions like the Citrus Heights Community Center and Rusch Park.
Citrus Heights offers a range of Retail Properties for sale, with 13 listings currently available. The average price per square foot for Retail Properties in Citrus Heights is $413 USD, with an average size of 35,998 square feet. The largest Retail Property available in Citrus Heights is 248,083 square feet. In addition to Retail Properties, Citrus Heights also offers Shopping Centers, with many located along major roads like Interstate 80 and the Capital City Freeway. Restaurants are also a popular property type in Citrus Heights, with many options available for sale. Office Properties are also available in Citrus Heights, with many located in the city's downtown area. Hotels are also an option in Citrus Heights, with several located near major transportation hubs like Interstate 80 and the Sacramento International Airport. Overall, Citrus Heights offers a diverse range of property types for investors to consider.
What is the average cap rate for retail properties in Citrus Heights?
When it comes to retail properties in Citrus Heights, investors can expect an average cap rate of 5.9%. To better understand the significance of this rate, it's essential to know what a cap rate is - for a detailed explanation, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Citrus Heights, California, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near major transportation hubs like Interstate 80, Interstate 5, and U.S. Highway 50, or in close proximity to popular shopping centers like Sunrise Mall, tend to have higher values due to increased visibility and accessibility, which can attract more customers and drive business growth.
