Shopping Centers in Farmington Hills, Michigan, offer a unique investment opportunity for those looking to tap into the city's strong economy and high quality of life. With a population of around 80,000 residents, Farmington Hills is an attractive location for businesses and investors alike. Shopping Centers in the area can represent a variety of investments, from retail and dining establishments to service-based businesses and entertainment venues. The city's affluent neighborhoods, rolling hills, and high household net worth make it an ideal location for businesses looking to cater to a discerning clientele. Additionally, Farmington Hills is home to several major companies, including Nissan, Hitachi Automotive Systems Americas, Inc., and Panasonic Automotive Systems, which can provide a steady stream of customers for shopping centers. The city's excellent infrastructure, including the Suburban Mobility Authority for Regional Transportation (SMART) and several major thoroughfares, makes it easy for customers to access shopping centers. With its strong economy, excellent infrastructure, and high quality of life, Farmington Hills is an attractive location for shopping center investors.
Currently, there are 2 shopping centers for sale in Farmington Hills, offering a range of investment opportunities. The average price per square foot for shopping centers in the area is $257 USD, with an average size of 5,605 square feet. The largest shopping center available for sale has a total size of 7,800 square feet. In addition to shopping centers, Farmington Hills also offers a range of other investment opportunities, including restaurants, specialty properties, land, and office properties. For example, restaurants in the area can benefit from the city's strong economy and high household net worth, while specialty properties can cater to the city's affluent neighborhoods. Land investors can take advantage of the city's excellent infrastructure and access to major thoroughfares, while office properties can benefit from the city's strong economy and highly educated workforce. With its diverse range of investment opportunities, Farmington Hills is an attractive location for investors looking to expand their portfolios.
What is the average cap rate for shopping centers in Farmington Hills?
The average cap rate for shopping centers in Farmington Hills is , making it an attractive option for investors seeking a stable return on investment in a city with a strong economy and high quality of life.
