Hialeah, Florida, offers a unique opportunity for investors to capitalize on the city's growing retail market. With a population of approximately 220,000, Hialeah is a prime location for retail properties, providing access to a large and diverse customer base. Retail properties in Hialeah can represent a range of investments, from strip centers and shopping plazas to freestanding buildings and mixed-use developments. These properties often benefit from the city's strong infrastructure, including major transportation hubs like Interstate 75 and State Road 826, which provide easy access to surrounding areas. Additionally, Hialeah's amenities, such as the Hialeah Park Race Track, Milander Park, and Amelia Earhart Park, make it an attractive location for businesses and residents alike. The city's educational institutions, including Miami-Dade College Hialeah Campus and private colleges like ASA College and Florida National University, also contribute to its appeal. With 27 retail properties for sale, Hialeah offers a wide range of investment opportunities. The average price per square foot for retail properties in Hialeah is $948 USD, with an average size of 14,253 square feet and a largest size of 103,879 square feet. The average cap rate for retail properties in Hialeah is 6.02%.
Hialeah's retail market is characterized by a mix of national retailers and mom-and-pop stores, with a strong presence of Hispanic and Cuban American-owned businesses. The city is also home to various educational institutions, recreational amenities, and cultural events, making it an attractive location for businesses and residents. In addition to retail properties, Hialeah offers a range of other property types, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Hialeah benefit from the city's high foot traffic and convenient location. Restaurants in Hialeah cater to a diverse range of tastes and cuisines, from traditional Cuban and Latin American cuisine to international flavors. Office properties in Hialeah provide a range of options for businesses, from small startups to large corporations. Hotels in Hialeah offer comfortable accommodations for visitors and business travelers alike. Overall, Hialeah's diverse range of property types and investment opportunities make it an attractive location for investors and businesses.
What is the average cap rate for retail properties in Hialeah?
When it comes to retail properties in Hialeah, investors can expect an average cap rate of 6.02%. For those unfamiliar with this key metric, a cap rate, or capitalization rate, is a crucial factor in determining the potential return on investment for a commercial property - to learn more, check out our in-depth article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Hialeah, Florida, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as Westland Mall with over 100 stores and restaurants, or along major transportation hubs like Interstate 75 and State Road 826, tend to command higher values due to their accessibility and exposure to potential customers, whereas those in less trafficked areas may be valued lower.
