Providence, Rhode Island, is a prime location for investing in Shopping Centers, with 2 available listings offering a range of opportunities. As a hub for service industries, education, and healthcare, Providence attracts a diverse population of around 180,000 people, creating a strong demand for retail spaces. Shopping Centers in Providence can represent a variety of investments, from strip centers and community shopping centers to power centers and regional malls. With amenities like Waterplace Park and the Riverwalk, Roger Williams Park, and Prospect Terrace Park, Providence offers an attractive environment for businesses and residents alike. The city's infrastructure, including T. F. Green Airport, Providence Station, and major highways, ensures easy accessibility and connectivity. Additionally, Providence is home to several institutions of higher learning, including Brown University, Johnson & Wales University, and Rhode Island College, which contribute to the city's economic growth and stability.
Providence's Shopping Centers benefit from the city's strong economy, which is driven by trade, transportation, utilities, educational and health services, and government services. Major employers like Textron, United Natural Foods, and Citizens Bank contribute to the city's economic stability. In addition to Shopping Centers, Providence offers a range of other property types, including Restaurants, which can capitalize on the city's strong food scene and tourist attractions like WaterFire; Specialty Properties, which can take advantage of the city's arts and cultural scene; Land, which can be developed for new projects; and Office Properties, which can serve the city's growing service industries. With its unique blend of history, culture, and economic growth, Providence is an attractive location for investors seeking to diversify their portfolios. Overall, Shopping Centers in Providence offer a compelling investment opportunity, with a strong potential for returns and a growing demand for retail spaces.
What is the average cap rate for shopping centers in Providence?
For investors seeking shopping centers in Providence, the average cap rate is 7.25%, offering a promising return on investment in this market.
