Warwick, Rhode Island, offers a unique opportunity for investors to capitalize on the city's growing economy and strategic location. With a population of approximately 80,000, Warwick is an attractive location for businesses and residents alike. Shopping centers, in particular, are a sound investment in Warwick, as they provide a hub for local commerce and community activity. These properties can represent a range of investment opportunities, from retail and dining to services and entertainment. Warwick's shopping centers are characterized by their accessibility, with many located near major highways and transportation hubs, such as Interstate 95 and T. F. Green Airport. The city's strong educational system, including Warwick Public Schools and Community College of Rhode Island, also contributes to a stable and skilled workforce. Additionally, Warwick's scenic coastline and historic attractions, such as the Gaspee Affair site, make it an attractive destination for tourists and locals alike.
Warwick's shopping centers are situated in a city with a diverse economy, featuring major employers in healthcare, finance, manufacturing, and education. The city is home to Kent Memorial Hospital, Citizens Bank, UPS, and MetLife, among others. Nearby, the Providence/Stoughton Commuter Rail Line provides convenient access to Providence and Boston. In addition to shopping centers, Warwick also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For example, the city's waterfront area offers opportunities for restaurant and retail development, while its industrial parks are home to manufacturing and logistics facilities. With 1 shopping centers currently available for sale, investors have a range of options to choose from, with average prices per square foot of $236 USD and average sizes of 7,000 square feet. The largest shopping center available for sale is 7,000 square feet, offering ample space for a variety of retail and commercial uses.
What is the average cap rate for shopping centers in Warwick?
For investors seeking shopping centers in Warwick, Rhode Island, the average cap rate is 5.24%, offering a promising opportunity to capitalize on the city's strong retail sector, which is supported by its proximity to Providence and Boston, as well as its own local economy driven by major employers in healthcare, finance, and manufacturing.
