Troy, Michigan, is an attractive location for investors seeking to purchase a shopping center, with its strong business presence and diverse economy. Shopping centers in Troy offer a unique opportunity to tap into the city's automotive and financial sectors, which are driven by major companies like Altair Engineering, Behr America, and Flagstar Bank. As a shopping center owner, you'll benefit from the city's council-manager form of government and its well-maintained infrastructure, including Oakland-Troy Airport and Interstate 75. Troy's median household income above the national average and diverse demographic makeup also make it an attractive location for businesses. The city's many amenities, such as the Troy Historic Village, parks, and recreational facilities, contribute to its appeal as a great place to live, work, and shop. With 2 shopping centers for sale in Troy, there are plenty of opportunities to find the perfect property to suit your investment goals.
Troy's shopping centers are just one aspect of the city's diverse commercial landscape, which also includes restaurants, specialty properties, land, and office properties. The city's restaurants, like Olga's Kitchen, offer a unique dining experience, while its specialty properties, such as the Somerset Collection mall, provide a range of shopping and entertainment options. With its strong educational institutions, including Walsh College and University of Phoenix, Troy is an attractive location for businesses and residents alike. The city's office properties, like those housing companies like Inteva Products and J. D. Power and Associates, are well-suited for businesses seeking a professional and convenient location. Overall, Troy's shopping centers, along with its other commercial properties, make it an attractive location for investors seeking a diverse and thriving commercial landscape.
What is the average cap rate for shopping centers in Troy?
The average cap rate for shopping centers in Troy is , making it an attractive option for investors looking to capitalize on the city's strong business presence and diverse economy.
