Pomona, California, offers a diverse range of Retail Properties For Sale, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 150,000 residents. Retail Properties in Pomona can represent a variety of investments, from small strip centers to large shopping malls, each with its own unique characteristics and potential for return on investment. With its prime location in eastern Los Angeles County, Pomona offers easy access to major transportation routes, including the 57 (Orange) Freeway and Harbor Boulevard, making it an ideal spot for retailers looking to reach a wide customer base. The city's amenities, such as the Pomona Health Center, Fairplex, and California State Polytechnic University, Pomona, also contribute to its appeal, as do its educational institutions, including Western University of Health Sciences. Additionally, Pomona's rich history, cultural attractions, and annual events like the L.A. County Fair and Pomona Swap Meet & Classic Car Show, make it a great place for business and travel, with attractions like the American Museum of Ceramic Art, RailGiants Train Museum, and Pomona Fox Theater.
With 28 Retail Properties For Sale in Pomona, investors have a range of options to choose from. The city's diverse economy, which includes major sectors like healthcare, education, and government services, supports a variety of retail businesses, from small boutiques to large chain stores. In addition to Retail Properties, Pomona also offers Shopping Centers, like the Pomona Swap Meet & Classic Car Show, which attract visitors from across the region. Restaurants, such as those found in the downtown area, offer a range of dining options, while Office Properties, like those near Cal Poly Pomona, provide space for businesses and professionals. Hotels, like those near the Fairplex, cater to visitors attending events and conferences. With its strong economy, diverse amenities, and range of property types, Pomona is an attractive destination for investors and businesses alike.
What is the average cap rate for retail properties in Pomona?
When it comes to retail properties in Pomona, investors can expect an average cap rate of 5.42%, which is a key metric to consider when evaluating the potential return on investment. For those new to commercial real estate investing, it's essential to understand what a cap rate is, and how it's calculated - you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Pomona, California, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-traffic areas, such as downtown Pomona or near the California State Polytechnic University, tend to command higher prices due to their proximity to a large customer base, with 28 available listings averaging $622 USD per square foot and ranging in size from 17,530 square feet to 62,774 square feet.
