Glendale, Arizona, is an attractive destination for investors seeking to capitalize on the city's strong retail market. With a population of approximately 250,000, Glendale offers a diverse range of retail properties for sale, making it an ideal location for businesses looking to establish a presence in the region. Retail properties in Glendale can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and restaurants. The city's strategic location, excellent infrastructure, and strong economy make it an attractive option for retailers and investors alike. Glendale is home to several major attractions, including State Farm Stadium, Desert Diamond Arena, and the Arrowhead Towne Center shopping mall, which draw in visitors and locals alike. The city's educational institutions, such as Glendale Community College and Arizona State University's Thunderbird School of Global Management, also contribute to its appeal. With its hot desert climate and mild winters, Glendale is a great place to do business and visit, with plenty of opportunities for outdoor recreation and entertainment.
Glendale's retail properties offer a unique blend of local charm and national brand recognition, with a range of options available to suit different business needs. In addition to retail properties, Glendale is also home to a variety of other property types, including shopping centers, restaurants, office properties, and hotels. The city's shopping centers, such as the Arrowhead Towne Center, offer a mix of local boutiques and national chain stores, while its restaurants cater to a range of tastes and cuisines. Office properties in Glendale provide a convenient and accessible location for businesses, with many amenities and services available nearby. Meanwhile, the city's hotels offer comfortable accommodations for visitors and business travelers alike. With 22 retail properties for sale in Glendale, there are plenty of opportunities for investors and businesses to find the perfect property to suit their needs. Whether you're looking for a small retail space or a large commercial property, Glendale has something to offer.
What is the average cap rate for retail properties in Glendale?
When it comes to investing in retail properties in Glendale, understanding the average cap rate is crucial. According to current market data, the average cap rate for retail properties in Glendale is 6.87%, which can help investors gauge the potential return on investment - to learn more about how this metric works, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Glendale, Arizona, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near popular attractions like State Farm Stadium and the Arrowhead Towne Center mall, which attract large crowds, tend to have higher values due to increased foot traffic and visibility, with an average price per square foot of $499 USD and an average size of 26,742 square feet.
