Garden Grove, California, is an attractive destination for investors seeking to capitalize on the city's diverse economy and growing population of approximately 170,000 residents. Shopping Centers in Garden Grove for sale offer a unique investment opportunity, as they cater to the needs of a diverse demographic makeup, with a significant Asian population, particularly Vietnamese Americans. These properties can represent a range of investments, from retail spaces to restaurants and entertainment venues, providing a diverse revenue stream. Garden Grove's strong infrastructure, including the Garden Grove Police Department and the Orange County Fire Authority, ensures a safe and secure environment for businesses to thrive. The city's proximity to major transportation facilities, such as State Route 22, also makes it an attractive location for businesses seeking to connect with other areas in Orange County and beyond. Additionally, the presence of notable institutions, such as the Garden Grove Unified School District and the UC Irvine Health Family Health Center, further enhances the city's appeal.
Garden Grove's shopping centers are an integral part of the city's economy, with 3 listings available for sale. The average price per square foot is $676 USD, with an average size of 17,840 square feet and a largest size of 40,657 square feet. The average cap rate is 5.65%. In addition to shopping centers, Garden Grove also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For instance, restaurants in Garden Grove benefit from the city's strong tourism industry, while specialty properties, such as the Gem Theater and the Festival Amphitheater, cater to the city's thriving arts scene. Land and office properties, meanwhile, offer opportunities for development and growth in a city with a strong economy. Overall, Garden Grove presents a unique investment opportunity, with its diverse economy, strong infrastructure, and range of property types making it an attractive destination for investors.
What is the average cap rate for shopping centers in Garden Grove?
For investors seeking shopping centers in Garden Grove, the average cap rate is 5.65%, providing a promising return on investment in this Orange County city.
