Danbury, Connecticut, a city with a rich history dating back to 1685, offers a unique opportunity for investors to tap into the local economy through shopping centers for sale. With a population of around 80,000, Danbury is an attractive location for businesses, providing a stable customer base and a strong workforce. Shopping centers in Danbury can represent a diverse range of investments, from retail spaces to restaurants and specialty properties. These investments can provide a steady income stream and potential long-term appreciation in value. Danbury's infrastructure, including Interstate 84 and U.S. Route 7, makes it an accessible location for customers and employees alike. The city's amenities, such as Danbury Hospital, Western Connecticut State University, and Danbury Fair Mall, also contribute to its appeal. Additionally, the city's geography, with its rolling hills and moderately tall mountains, provides a unique setting that attracts visitors and residents alike.
With 2 shopping centers for sale in Danbury, investors have a range of options to choose from. The average price per square foot is $132 USD, and the average size of these properties is 18,154 square feet, with the largest being 100,000 square feet. The average cap rate is 6.5%. In addition to shopping centers, Danbury also offers other investment opportunities, such as restaurants, which can benefit from the city's strong healthcare and education sectors. Specialty properties, like the Danbury Fair Mall, can provide a unique investment opportunity. Land investments are also available, offering the potential for development or redevelopment. Office properties, such as those near Western Connecticut State University, can attract businesses and professionals. With its diverse economy and infrastructure, Danbury is an attractive location for investors looking to diversify their portfolios.
What is the average cap rate for shopping centers in Danbury?
The average cap rate for shopping centers in Danbury is 6.5%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail sector, which is supported by a population of around 80,000 and a diverse range of local amenities, including the Danbury Fair Mall and Western Connecticut State University.
