Renton, Washington, offers a diverse range of Retail Properties For Sale, making it an attractive investment opportunity for those looking to capitalize on the city's growing economy. With a population of over 100,000, Renton provides a strong consumer base for retail businesses, and its proximity to Seattle makes it an ideal location for companies looking to tap into the larger market. Retail Properties in Renton can represent a variety of investments, from small strip centers to large shopping malls, and can cater to a range of businesses, from local boutiques to national chains. The city's amenities, including the Providence Health System administrative offices, the Renton Public Library, and the Virginia Mason Athletic Center, make it an attractive location for businesses and residents alike. Additionally, Renton's infrastructure, including the Renton Municipal Airport and major transportation facilities like Interstate 5 and State Route 167, provide easy access to the city and surrounding areas.
Renton's Retail Properties For Sale offer a unique opportunity to invest in a city that is experiencing significant growth and redevelopment. With 5 Retail Properties available, investors have a range of options to choose from. In addition to Retail Properties, Renton is also home to Shopping Centers, such as The Landing, a 68-acre residential and commercial development located on former Boeing Co. property near Lake Washington. The city is also home to Restaurants, Office Properties, and Hotels, including the Hyatt Regency hotel at Southport. Each of these property types offers a unique investment opportunity, and Renton's diverse economy and growing population make it an attractive location for businesses and investors alike. Overall, Renton's Retail Properties For Sale provide a strong investment opportunity for those looking to capitalize on the city's growth and development.
What is the average cap rate for retail properties in Renton?
Renton, Washington, a city located in King County, offers a diverse range of retail properties for sale, with 5 available listings. When it comes to investing in retail properties in Renton, understanding the average cap rate is crucial, which stands at 7.15%.
For those unfamiliar with this term, a cap rate, or capitalization rate, is a metric used to evaluate the potential return on investment of a property. To learn more about what is a cap rate and how it's calculated, check out our in-depth article at what is a cap rate.
How do location and foot traffic affect retail property values?
In Renton, Washington, the location and foot traffic of a retail property can significantly impact its value. For instance, properties situated in high-traffic areas like Downtown Renton, The Landing, or Southport, which are surrounded by amenities like the Providence Health System administrative offices, the Renton Public Library, and the Hyatt Regency hotel, tend to command higher prices due to their proximity to major employers, public transportation, and popular attractions, such as the Virginia Mason Athletic Center (VMAC) housing the Seattle Seahawks Headquarters.
