Plano, Texas, is a prime location for investing in Retail Properties, with its strong economy and growing population of around 285,000 residents. Retail Properties in Plano offer a diverse range of investment opportunities, from strip centers and shopping malls to freestanding retail buildings and restaurants. These properties can provide a steady income stream and long-term appreciation in value, making them an attractive option for investors. Plano's excellent infrastructure, including its well-equipped fire department, police department, and water distribution system, ensures a safe and convenient environment for businesses to operate. The city's proximity to major transportation hubs, such as the Dallas/Fort Worth International Airport, and its extensive network of highways and roads, including U.S. Highway 75, Dallas North Tollway, and President George Bush Turnpike, make it an ideal location for retail businesses. Additionally, Plano is home to several major corporations, including Frito Lay, JCPenney, and Pizza Hut, which contributes to its strong economy. The city's many amenities, such as the Plano Symphony Orchestra, the Charles W. Eisemann Center for Performing Arts, and the Heritage Farmstead Museum, also make it an attractive location for residents and visitors alike.
With 26 Retail Properties for sale in Plano, investors have a wide range of options to choose from. The average price per square foot for Retail Properties in Plano is $470 USD, and the average size is 10,566 square feet. The largest Retail Property available is 62,110 square feet. In addition to Retail Properties, Plano also offers a range of other property types, including Shopping Centers, with their mix of local and national retailers; Restaurants, which cater to the city's diverse dining scene; Office Properties, which provide space for businesses of all sizes; and Hotels, which offer accommodations for visitors and business travelers. With its strong economy, excellent infrastructure, and many amenities, Plano is an attractive location for investors looking to diversify their portfolios with Retail Properties.
What is the average cap rate for retail properties in Plano?
When it comes to retail properties in Plano, investors can expect an average cap rate of 6.58%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates are calculated and what they mean for commercial real estate investors, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Plano, Texas, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-demand areas like Downtown Plano, Legacy West, and The Shops at Legacy, with proximity to major transportation hubs and amenities, tend to command higher prices due to their potential for increased foot traffic and customer exposure, with an average price per square foot of $470 USD and an average size of 10,566 square feet.
