Sandy, Utah, is an attractive location for investors seeking to purchase a shopping center, with its strong economy, excellent infrastructure, and growing population of approximately 100,000 residents. Shopping centers in Sandy offer a diverse range of investment opportunities, from retail spaces to restaurants and entertainment venues. These properties can provide a steady income stream and long-term appreciation in value. Sandy's amenities, such as the Shops at South Town shopping mall, the Jordan Commons entertainment complex, and the Mountain America Exposition Center, make it an attractive location for businesses and residents alike. The city's location near the Wasatch Range and its easy access to Interstate 15 and State Street also make it an ideal spot for commerce and trade. Additionally, Sandy is home to the America First Field, a soccer-specific stadium hosting games for Real Salt Lake and Utah Royals FC, which draws visitors from across the region.
With 2 shopping centers for sale in Sandy, investors have a range of options to choose from. The average price per square foot for these properties is $275 USD, with an average size of 62,626 square feet. The largest shopping center available for sale in Sandy spans 120,000 square feet. In addition to shopping centers, Sandy also offers other investment opportunities, including restaurants, specialty properties, land, and office properties. For example, the city's restaurants offer a range of cuisines, from fine dining to casual eateries, while its specialty properties include entertainment venues and event spaces. Land and office properties are also available, providing opportunities for development and commercial use. Overall, Sandy's diverse range of investment opportunities and strong economy make it an attractive location for investors seeking to purchase a shopping center or other commercial property.
What is the average cap rate for shopping centers in Sandy?
For investors seeking to capitalize on Sandy's growing commercial sector, the average cap rate for shopping centers in this city is , offering a promising return on investment amidst the area's developing walkable and transit-oriented city center, The Cairns, and its existing amenities like the Shops at South Town shopping mall and the Mountain America Exposition Center.
