St. George, Utah, is a prime location for investing in shopping centers, with a strong economy driven by tourism, manufacturing, and new home construction. As a hub for outdoor recreational opportunities and access to various state parks, including Zion National Park and The Grand Canyon, St. George attracts a significant number of visitors and residents alike. Shopping centers in St. George offer a unique opportunity to capitalize on the city's growing population of around 95,342 residents, with a diverse range of industries and major employers, including SkyWest Airlines, Walmart, and Family Dollar. The city's amenities, such as the Canyons Softball Complex, Little Valley Softball Complex, and Pioneer Park, make it an attractive location for businesses and residents. With its proximity to the Mojave Desert and the Pine Valley Mountains, St. George provides a unique blend of natural beauty and urban convenience, making it an ideal location for shopping centers. Additionally, the city's strong cultural scene, with events like art shows, concerts, and festivals, contributes to its appeal as a great place for business and travel.
With 2 shopping centers for sale in St. George, investors have a range of options to choose from. Shopping centers in St. George offer a unique opportunity to tap into the city's growing economy, with an average price per square foot of $919 USD and an average size of 5,408 square feet. The largest shopping center available is 7,000 square feet, providing ample space for a variety of businesses. In addition to shopping centers, St. George also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in St. George benefit from the city's strong tourism industry, while specialty properties, such as those near the St. George Regional Airport, offer unique opportunities for businesses. Land and office properties in St. George provide a range of options for investors, from developing new projects to renovating existing buildings. Overall, St. George offers a diverse range of investment opportunities, making it an attractive location for businesses and investors alike.
What is the average cap rate for shopping centers in St. George?
The average cap rate for shopping centers in St. George is 4.12%, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy driven by tourism, manufacturing, and new home construction.
