Deltona, Florida, offers a unique opportunity for investors to tap into the city's growing retail market. With a diverse population of around 90,000 residents, Deltona provides an attractive environment for retail properties, offering a range of investment opportunities. Retail properties in Deltona can represent a variety of investments, from strip centers and shopping plazas to freestanding retail buildings and restaurants. The city's infrastructure, including Deltona Water, Votran, and SunRail, provides a solid foundation for businesses to thrive. Additionally, Deltona's location, situated halfway between Daytona Beach and Orlando, makes it an attractive spot for retailers looking to capitalize on the tourist traffic. The city's amenities, such as the Deltona Regional Library and the Lyonia Environmental Center, also contribute to its appeal. With 7 retail properties for sale, investors have a range of options to choose from.
Deltona's retail properties offer a unique blend of local charm and convenience, with many located near major transportation hubs, including Interstate 4 and Florida State Roads 472 and 415. The city's economy is driven by a diverse range of industries, including education, healthcare, and retail, with major employers like Daytona State College, Publix Supermarkets, and Walmart. In addition to retail properties, Deltona also offers a range of other property types, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Deltona provide a convenient location for retailers, with many featuring a mix of local and national tenants. Restaurants in Deltona offer a range of cuisines, from casual dining to fine dining, and cater to both locals and tourists. Office properties in Deltona provide a professional environment for businesses, with many featuring modern amenities and convenient locations. Hotels in Deltona offer a range of accommodations, from budget-friendly options to luxury resorts, and cater to both business and leisure travelers. With its diverse economy and range of property types, Deltona is an attractive destination for investors looking to capitalize on the city's growth.
What is the average cap rate for retail properties in Deltona?
When it comes to retail properties in Deltona, investors can expect an average cap rate of 6.74%. To better understand the significance of this rate, it's essential to know what a cap rate is - essentially, it's a measure of a property's potential return on investment, and you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Deltona, Florida, the location of a retail property plays a significant role in determining its value, with properties situated near major transportation hubs, such as Interstate 4 and Florida State Roads 472 and 415, tend to attract higher foot traffic and command higher prices. For instance, a retail property with a high foot traffic location, such as along Deltona Boulevard, may have an average price per square foot of $475 USD, which is higher than a similar property located in a less trafficked area, highlighting the importance of location in determining retail property values.
