Shopping Centers in Scottsdale, Arizona, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of over 240,000 residents. As a hub for tourism, healthcare, aviation, and retail, Scottsdale provides an ideal environment for shopping centers to thrive. These properties can represent a range of investments, from strip centers and community shopping centers to power centers and regional malls, each with its own unique characteristics and benefits. Scottsdale's desirable location, with its proximity to Phoenix and the surrounding mountains, makes it an attractive destination for both locals and tourists, providing a strong customer base for shopping centers. The city's well-developed infrastructure, including the Scottsdale Municipal Airport and State Route 101, ensures easy access and connectivity for residents and visitors alike. Additionally, Scottsdale's many amenities, such as the Mayo Clinic, Camelback Mountain, and the Tournament Players Club, make it an attractive place to live, work, and visit, further enhancing the appeal of shopping centers in the area.
With 8 shopping centers for sale in Scottsdale, investors have a range of options to choose from. These properties offer an average price per square foot of $285 USD and an average size of 43,677 square feet, with the largest property spanning 130,333 square feet. The average cap rate for shopping centers in Scottsdale is 7.73%. In addition to shopping centers, Scottsdale also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Scottsdale, such as those in Old Town, offer a unique blend of dining and entertainment options. Specialty properties, like the Scottsdale Fashion Square, provide upscale shopping experiences. Land and office properties, such as those near the Scottsdale Airport, offer opportunities for development and business growth. Overall, Scottsdale's diverse range of properties and strong economy make it an attractive destination for investors and businesses alike.
What is the average cap rate for shopping centers in Scottsdale?
The average cap rate for shopping centers in Scottsdale is 7.73%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail market, which is driven by its affluent population and popular tourist attractions.
