Shopping centers in South Jordan, Utah, offer a lucrative investment opportunity for those looking to capitalize on the city's growing population and economic development. With a population of approximately 80,000 residents, South Jordan has experienced significant growth as a bedroom community of Salt Lake City, making it an attractive location for businesses and investors. Shopping centers in South Jordan can represent a variety of investments, from retail and dining establishments to entertainment and service-based businesses. The city's amenities, infrastructure, and location make it an ideal place to invest in a shopping center, with attractions like the Jordan River Parkway, Oquirrh Lake, and the Salt Lake County fairgrounds drawing visitors and residents alike. Additionally, South Jordan is home to several major employers, including Intermountain Healthcare and Questar, and is served by TRAX light rail and FrontRunner commuter rail, providing easy access to the surrounding area.
South Jordan's shopping centers are situated in a prime location, with nearby amenities like the Daybreak Community, a master-planned development that covers the entire western half of the city. The city is also home to several other property types, including restaurants, which can be found in the downtown area and along major roads like Bangerter Highway. Specialty properties, such as office buildings and medical facilities, are also present in South Jordan, with many located near the city's major employers. Land is also available for development, with several parcels located throughout the city. Office properties, including those in the downtown area and near major roads, offer a range of options for businesses looking to establish a presence in South Jordan. With a range of property types available, South Jordan offers a diverse and attractive market for investors and businesses alike. Currently, there are 2 shopping centers for sale in South Jordan, with an average price per square foot of $486 USD and an average size of 40,558 square feet. The largest shopping center for sale in South Jordan is 120,000 square feet, offering a range of possibilities for investors and businesses.
What is the average cap rate for shopping centers in South Jordan?
Currently, there are 2 shopping centers for sale in South Jordan, offering investors a range of opportunities, with an average cap rate of 5.7%.
