Rogers, Arkansas, offers a unique opportunity for investors to capitalize on the city's growing retail market. With a population of around 70,000, Rogers is an attractive location for businesses looking to establish a presence in the Northwest Arkansas region. Retail properties in Rogers can represent a range of investments, from small storefronts to large shopping centers. The city's strong economy, driven by major employers like Walmart and Daisy Outdoor Products, provides a solid foundation for retail growth. Rogers' amenities, such as the Pinnacle Hills Promenade shopping center and the Walmart AMP music venue, make it an attractive destination for both residents and visitors. The city's location, with easy access to Interstate 49 and the Northwest Arkansas National Airport, also makes it an ideal spot for businesses looking to reach a wider audience. Additionally, Rogers is home to several educational institutions, including the University of Phoenix and John Brown University, which contribute to the city's cultural and economic vitality.
Rogers' retail properties offer a range of opportunities for investors, with 11 listings currently available. The average price per square foot for retail properties in Rogers is $332 USD, with an average size of 6,862 square feet. The largest retail property available in Rogers is 48,000 square feet. In addition to retail properties, Rogers also offers a range of other investment opportunities, including shopping centers, restaurants, office properties, and hotels. The city's shopping centers, such as the Pinnacle Hills Promenade, offer a range of retail and dining options, while its restaurants provide a diverse range of culinary experiences. Office properties in Rogers are also in high demand, driven by the city's growing business sector. Hotels in Rogers, such as those located near the Northwest Arkansas National Airport, cater to the city's growing tourism industry. Overall, Rogers offers a unique combination of economic growth, cultural attractions, and investment opportunities, making it an attractive destination for businesses and investors alike.
What is the average cap rate for retail properties in Rogers?
When it comes to retail properties in Rogers, investors can expect an average cap rate of 6.5%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment strategy, 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 Rogers, Arkansas, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as the Pinnacle Hills Promenade shopping center or along major roads like Interstate 49, tend to command higher prices due to their visibility and accessibility, with an average price per square foot of $332 USD and an average size of 6,862 square feet.
