Folsom, California, offers a unique opportunity for investors to capitalize on the city's growing economy and desirable location. Shopping centers in Folsom are a sound investment, providing a stable source of income and potential for long-term growth. These commercial properties can represent a variety of investments, from retail spaces to mixed-use developments, catering to the diverse needs of the local community. Folsom's excellent infrastructure, including the light rail train system and Highway 50, makes it an attractive location for businesses and residents alike. The city's highly rated schools, such as Folsom Lake College and Folsom Cordova Unified School District, and its proximity to Folsom Lake, a popular recreational destination, further enhance its appeal. With major employers like Intel and a growing population of around 80,000, Folsom is an ideal place to invest in a shopping center.
Currently, there are 3 shopping centers for sale in Folsom, offering a range of options for investors. The average price per square foot for these properties is $852 USD, with an average size of 10,531 square feet. The largest property available is 16,404 square feet. In addition to shopping centers, Folsom also offers other investment opportunities, including restaurants, specialty properties, land, and office properties. For example, restaurants in Folsom can benefit from the city's growing population and tourist attractions like Folsom Lake. Specialty properties, such as those in the historic downtown district, can offer unique investment opportunities. Land in Folsom can be developed for a variety of purposes, including residential and commercial projects. Office properties in the city can cater to the needs of businesses, including those in the technology and healthcare sectors. With its diverse economy and desirable location, Folsom is an attractive destination for investors and businesses alike.
What is the average cap rate for shopping centers in Folsom?
The average cap rate for shopping centers in Folsom is 7.51%, making it an attractive investment opportunity for those looking to capitalize on the city's growing economy, fueled by major employers like Intel and a strong presence of educational institutions like Folsom Lake College.
