Fort Smith, Arkansas, is a prime location for investing in Retail Properties, with a strong economy driven by its manufacturing and corporate industries. As a regional manufacturing center, Fort Smith is home to major plants operated by companies such as Rheem, Trane, Georgia-Pacific, Gerber, Kraft Heinz Company-Planters Peanuts, Mars Petcare, Umarex USA, Graphic Packaging, International Paper, and Pernod Ricard-USA. This creates a high demand for retail spaces that cater to the needs of the local workforce and residents. With a population of around 90,000 people, Fort Smith offers a diverse range of amenities, including the University of Arkansas at Fort Smith, Mercy Hospital Fort Smith, and the Fort Smith Regional Airport, making it an attractive location for businesses and individuals alike. The city's infrastructure, including two water treatment plants and major roads such as Rogers Avenue, Phoenix Avenue, and Greenwood Avenue, ensures that Retail Properties in Fort Smith are well-connected and easily accessible. Additionally, the city's cultural scene, featuring institutions like the Fort Smith Regional Art Museum and the Fort Smith Museum of History, adds to its appeal as a great place to live, work, and invest.
With 5 Retail Properties for sale in Fort Smith, investors have a wide range of options to choose from. These properties offer an average price per square foot of $218 USD and an average size of 24,303 square feet, with the largest property spanning 69,106 square feet. The average cap rate for Retail Properties in Fort Smith is 7.67%. In addition to Retail Properties, Fort Smith also offers other investment opportunities, including Shopping Centers, which benefit from the city's strong retail market; Restaurants, which cater to the local workforce and residents; Office Properties, which serve the needs of the city's corporate industries; and Hotels, which accommodate visitors and business travelers. With its unique blend of history, culture, and economic growth, Fort Smith is an attractive location for investors looking to diversify their portfolios.
What is the average cap rate for retail properties in Fort Smith?
When it comes to retail properties in Fort Smith, investors are keenly interested in the average cap rate, which currently stands at 7.67%. To better understand this key metric, it's essential to know that the capitalization rate, or cap rate, represents the rate of return on investment based on the property's net operating income and its current market value - for a more in-depth explanation, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Fort Smith, Arkansas, the location and foot traffic of retail properties significantly impact their values. Properties situated in high-traffic areas, such as downtown Fort Smith or near major highways like Interstate 40 and Interstate 49, tend to have higher values due to increased visibility and accessibility, whereas those in less populated areas may have lower values.
