Rochester Hills, Michigan, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse industries. With a population of approximately 80,000, Rochester Hills is an attractive location for businesses and individuals alike. Retail properties in Rochester Hills are a sound investment, providing a stable source of income and potential for long-term growth. These properties can range from small, independent shops to larger retail centers, offering a variety of investment options. Rochester Hills' strong infrastructure, including major roads like M-59 and Rochester Road, makes it an ideal location for businesses that rely on transportation and logistics. The city's highly rated school system, including Rochester Community Schools, and its proximity to Oakland University and Rochester Christian University, also make it an attractive location for families and young professionals. Additionally, Rochester Hills' scenic surroundings, including the Clinton River and Paint Creek, provide a unique blend of natural beauty and urban amenities.
Rochester Hills is home to a diverse range of industries, including automotive, technology, healthcare, and education. The city is also served by a number of major employers, including Oakland University, Rochester Community Schools, and St. John Providence Health System. With a strong economy and diverse industries, Rochester Hills is an attractive location for businesses and investors. In addition to retail properties, the city also offers a range of other investment opportunities, including shopping centers, restaurants, office properties, and hotels. For example, the city's downtown area is home to a number of unique shops and restaurants, while its major roads are lined with shopping centers and office parks. With its strong economy and diverse industries, Rochester Hills is an attractive location for businesses and investors. The city's retail properties, in particular, offer a sound investment opportunity, with a stable source of income and potential for long-term growth. With 2 retail properties currently available for sale, investors have a range of options to choose from, with prices ranging from $$468 USD per square foot and sizes ranging from 3,850 square feet to 4,350 square feet. The average cap rate for retail properties in Rochester Hills is.
What is the average cap rate for retail properties in Rochester Hills?
When it comes to retail properties in Rochester Hills, investors can expect an average cap rate of , which is a key metric to consider when evaluating potential investments. To learn more about what a cap rate is and how it's calculated, 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 Rochester Hills, where there are 2 available listings of retail properties, location and foot traffic play a significant role in determining property values. For instance, retail properties situated along major roads like M-59 (Hall Road) and Rochester Road, which experience high foot traffic, tend to have higher property values, with an average price per square foot of $468 USD and average size of 3,850 square feet, compared to those located in less trafficked areas.
