Plymouth, Minnesota, is an attractive location for investors looking to purchase a shopping center, with its strong economy and growing population of approximately 80,000 residents. Shopping centers in Plymouth offer a unique investment opportunity, providing a diverse range of retail spaces that cater to the needs of the local community. These properties can be a mix of local boutiques, national chain stores, and restaurants, making them an attractive option for investors seeking a stable source of income. Plymouth's excellent infrastructure, including Interstate 494, U.S. Highway 169, and Minnesota State Highway 55, ensures easy access to the city and its surrounding areas. The city's highly rated schools, such as West Lutheran High School, and its proximity to Minneapolis, make it an attractive location for families and businesses alike. Additionally, Plymouth is home to several major corporations, including OneBeacon and Select Comfort, which contribute to the city's economic stability.
Currently, there are 1 shopping centers for sale in Plymouth, offering investors a range of options to suit their needs. The average price per square foot for these properties is $834 USD, with an average size of 9,656 square feet. The largest property available is 9,656 square feet. Plymouth's shopping centers offer a unique blend of local character and national brand recognition, making them an attractive investment opportunity. In addition to shopping centers, Plymouth also offers a range of other commercial properties, including restaurants, specialty properties, land, and office properties. Restaurants in Plymouth offer a diverse range of dining options, from local eateries to national chain restaurants. Specialty properties, such as medical offices and retail stores, can be found throughout the city. Land is also available for development, offering investors the opportunity to build their own commercial property. Office properties in Plymouth range from small, single-story buildings to larger, multi-story complexes, catering to the needs of businesses of all sizes.
What is the average cap rate for shopping centers in Plymouth?
As of the current market, the average cap rate for shopping centers in Plymouth is 5.65%, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 80,000 residents.
