Naperville, Illinois, is an attractive destination for investors seeking to capitalize on the city's strong economy and growing population of approximately 150,000 residents. Retail Properties in Naperville For Sale offer a unique opportunity to tap into the city's thriving commercial sector, which is driven by a diverse range of industries, including educational services, healthcare, and professional services. As a prime location for businesses, Naperville is home to several major corporations, including Bell Labs, Western Electric, and Kraft Foods, making it an ideal spot for retail investments. The city's excellent infrastructure, including the Ronald Reagan Memorial Tollway and US Route 34, ensures easy access to Chicago and other surrounding areas, while its extensive parks and forest preserve network provide a high quality of life for residents. With amenities like Edward Hospital, the Naperville Public Library, and the Moser Tower and Millennium Carillon, Naperville is a great place for business and travel, attracting visitors and locals alike to its scenic Riverwalk and cultural attractions.
With 11 Retail Properties in Naperville For Sale, investors have a wide range of options to choose from. These properties offer a unique opportunity to capitalize on the city's growing population and strong economy. In addition to Retail Properties, Naperville is also home to Shopping Centers, which provide a convenient and accessible shopping experience for residents and visitors. The city's Restaurants offer a diverse range of culinary options, while Office Properties provide a professional and modern work environment. Hotels in Naperville cater to the city's growing tourism industry, which is driven by attractions like the Naperville Riverwalk and the Moser Tower and Millennium Carillon. With an average price per square foot of $371 USD and an average size of 20,699 square feet, Retail Properties in Naperville offer a competitive investment opportunity. The largest property available is 65,083 square feet, providing ample space for businesses to grow and thrive. With an average cap rate of 6.42%, Retail Properties in Naperville offer a stable and attractive investment option.
What is the average cap rate for retail properties in Naperville?
When it comes to retail properties in Naperville, Illinois, investors are keenly interested in the average cap rate, which currently stands at 6.42%. To better understand the significance of this figure, it's essential to grasp the concept of cap rate, which is a crucial metric in commercial real estate investing - for a detailed explanation, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Naperville, Illinois, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as downtown Naperville or along major thoroughfares like Ogden Avenue, tend to command higher values due to their proximity to amenities, public transportation, and a large customer base, with an average price per square foot of $371 USD and an average size of 20,699 square feet.
