Citrus Heights, California, offers a unique opportunity for investors to capitalize on the city's growing retail sector through the acquisition of shopping centers. With a population of approximately 90,000 residents, Citrus Heights provides a stable customer base for businesses. Shopping centers in Citrus Heights can represent a range of investment opportunities, from small strip malls to larger retail complexes. The city's infrastructure, including easy access to major freeways and highways, makes it an attractive location for businesses and residents alike. Additionally, the presence of institutions like the Citrus Heights Community Center, Rusch Park, and Tempo Park, as well as the nearby Sacramento International Airport, contribute to the city's appeal. The city's mild winters and dry, hot summers also make it an attractive location for businesses and residents.
Currently, there are 6 shopping centers for sale in Citrus Heights, offering a range of investment opportunities. The average price per square foot for these properties is $228 USD, with an average size of 62,332 square feet. The largest shopping center available for sale in Citrus Heights is 248,083 square feet. In addition to shopping centers, Citrus Heights also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Citrus Heights can benefit from the city's growing population and easy access to major transportation routes. Specialty properties, such as medical offices or childcare facilities, can also thrive in the city's family-friendly environment. Land for sale in Citrus Heights offers developers the opportunity to build new projects, while office properties can provide a stable source of income through rental agreements. Overall, Citrus Heights offers a range of investment opportunities for businesses and individuals looking to capitalize on the city's growing economy.
What is the average cap rate for shopping centers in Citrus Heights?
The average cap rate for shopping centers in Citrus Heights is 6.4%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail sector, which is driven by prominent shopping centers like Sunrise Mall and various big-box stores.
