Quincy, Massachusetts, a coastal city in Norfolk County and part of Metropolitan Boston, offers a unique opportunity for investors to tap into the retail market with its rich history, diverse economy, and excellent infrastructure. With 8 retail properties for sale, Quincy presents an attractive option for those looking to invest in a city with a strong connection to American history. Retail properties in Quincy can represent a range of investments, from small storefronts to large shopping centers, each offering a unique opportunity to capitalize on the city's strong economy. Quincy's excellent infrastructure, including the Massachusetts Bay Transportation Authority (MBTA) subway system and access to state highways like Interstate 93 and U.S. Route 1, makes it an ideal location for businesses to thrive. Additionally, the city's amenities, such as the Thomas Crane Public Library and Eastern Nazarene College, contribute to a high quality of life, attracting residents and visitors alike. As a result, Quincy is a great place for business and travel, with attractions like Veterans Memorial Stadium and the Quincy Bay State Park.
Quincy's retail properties are situated in a city with a diverse economy, featuring major corporations like Boston Financial Data Services, Stop & Shop supermarket chain, and Arbella Insurance Group. The city's economy has evolved over time, transitioning from manufacturing and heavy industry to focus on professional and service sectors. With nearby access to Boston and other major cities, Quincy's retail properties offer a unique opportunity to tap into the regional market. In addition to retail properties, Quincy is also home to shopping centers, restaurants, office properties, and hotels, each offering a unique investment opportunity. Shopping centers in Quincy provide a convenient location for residents and visitors to access a range of goods and services. Restaurants in Quincy offer a diverse range of cuisines, from seafood to international flavors. Office properties in Quincy provide a professional environment for businesses to operate, while hotels in Quincy cater to the city's many visitors. Overall, Quincy's retail properties and other commercial properties offer a unique opportunity for investors to capitalize on the city's strong economy and excellent infrastructure.
What is the average cap rate for retail properties in Quincy?
When it comes to retail properties in Quincy, investors can expect an average cap rate of 5.31%, which is a key metric to consider when evaluating the potential return on investment for a property. To learn more about how cap rates work 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 Quincy, Massachusetts, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as Quincy Center, North Quincy, and Wollaston, with easy access to public transportation and major highways, tend to command higher prices, with an average price per square foot of $311 USD and an average size of 8,230 square feet, compared to those in less populated areas.
