Shopping Centers in Waco, Texas, offer a unique investment opportunity for those looking to tap into the demand for retail space in this growing city. With a population of around 140,000, Waco provides an attractive blend of small-town charm and big-city amenities, making it an ideal location for shopping centers. These properties can represent a range of investments, from strip centers and community centers to power centers and regional malls, each catering to different consumer needs and preferences. Waco's strategic location along the Brazos River and Interstate 35, halfway between Dallas and Austin, makes it an attractive hub for commerce and tourism. The city's amenities, including the Waco Mammoth National Monument, Hawaiian Falls water park, and the Waco Suspension Bridge, draw visitors from across the region, while its strong educational institutions, such as Baylor University and Texas State Technical College, provide a steady stream of students and faculty. Additionally, Waco is home to major corporations like L3 Technologies, SpaceX, and Allergan, which contribute to the city's economic growth.
Waco's shopping centers are well-positioned to capitalize on the city's growing economy and population. With 2 shopping centers for sale, investors have a range of options to choose from. In addition to shopping centers, Waco also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For example, restaurants in Waco can benefit from the city's strong tourism industry, while specialty properties, such as the Magnolia Market, can capitalize on the city's popularity as a shopping destination. Land investors can take advantage of Waco's growing population and limited supply of developable land, while office properties can benefit from the city's strong economy and diverse range of industries. Overall, Waco's shopping centers offer a compelling investment opportunity for those looking to tap into the city's growth and potential.
What is the average cap rate for shopping centers in Waco?
The average cap rate for shopping centers in Waco is , making it an attractive investment opportunity for those looking to capitalize on the city's growing retail sector, which is supported by a population of around 140,000 and a strong presence of major employers such as Baylor Scott & White Health and L3Harris Technologies.
