Retail Properties in Plymouth, Minnesota offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 80,000 residents, Plymouth provides a stable and diverse market for retailers to establish a presence. Retail Properties in Plymouth can represent a range of investments, from small strip centers to larger shopping complexes, each offering a unique set of benefits and opportunities. The city's amenities, infrastructure, and location make it an attractive destination for businesses and residents alike. For example, the presence of major corporations like OneBeacon and Select Comfort, as well as the city's highly-rated schools, such as West Lutheran High School, contribute to a strong local economy. Additionally, Plymouth's proximity to downtown Minneapolis and its access to major highways, including Interstate 494 and U.S. Highway 169, make it an ideal location for retailers looking to reach a wider audience. The city's scenic parks, such as French Regional Park, and its popular attractions, like the Plymouth Ice Center, also draw visitors and residents, providing a steady stream of potential customers.
Currently, there are 2 Retail Properties available for sale in Plymouth, offering a range of options for investors. The average price per square foot for these properties is $711 USD, with an average size of 10,560 square feet. The largest property available is 15,149 square feet. In addition to Retail Properties, Plymouth also offers a range of other commercial properties, including Shopping Centers, Restaurants, Office Properties, and Hotels. For example, the city's shopping centers, such as the Plymouth Creek Center, offer a mix of local and national retailers, while its restaurants, like the popular Plymouth Grill, provide a range of dining options. The city's office properties, such as the Plymouth Corporate Center, are home to a variety of businesses, from small startups to large corporations. Meanwhile, its hotels, like the Hilton Garden Inn Plymouth, cater to visitors and business travelers. Overall, Plymouth's diverse range of commercial properties makes it an attractive destination for investors and businesses looking to establish a presence in the Twin Cities area.
What is the average cap rate for retail properties in Plymouth?
When it comes to retail properties in Plymouth, investors can expect an average cap rate of 6.61%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment, check out our article on what is a cap rate, and explore the 2 available retail property listings in Plymouth, with average prices per square foot of $711 USD and average sizes of 10,560 square feet.
How do location and foot traffic affect retail property values?
When it comes to retail properties in Plymouth, Minnesota, location and foot traffic play a significant role in determining property values. Properties situated near major transportation routes like Interstate 494, U.S. Highway 169, and Minnesota State Highway 55, as well as those in close proximity to local amenities like the Park Nicollet Plymouth Clinic, WestHealth Medical Center, and French Regional Park, tend to have higher values due to increased visibility and accessibility, which can attract more customers and drive business growth.
