Woodbury, Minnesota, offers a unique opportunity for investors to capitalize on the city's growing retail market. With a population of approximately 75,000 residents, Woodbury provides a stable and diverse customer base for retail businesses. Retail properties in Woodbury can represent a range of investments, from small, independent boutiques to larger, big-box stores. The city's strong economy, driven by major industries such as insurance, healthcare, and financial services, creates a favorable environment for retail businesses to thrive. Woodbury's amenities, including the HealthEast Sports Center and Central Park, also attract visitors and residents alike, increasing foot traffic and potential customers for retail businesses. Additionally, the city's location, with easy access to Interstate 94 and proximity to the Twin Cities metropolitan area, makes it an attractive location for businesses and residents. Woodbury is also home to notable companies such as State Farm Insurance, 3M, and Dean Foods/ Land O'Lakes, which contribute to the city's economic stability.
Woodbury's retail properties offer a range of investment opportunities, with 3 listings currently available. The average price per square foot for retail properties in Woodbury is $346 USD, and the average size of these properties is 22,205 square feet. The largest retail property available in Woodbury is 86,104 square feet. In addition to retail properties, Woodbury also offers other investment opportunities, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Woodbury, such as Tamarack Village and Woodbury Village, provide a range of retail and dining options for residents and visitors. Restaurants in Woodbury, such as those in the downtown area, offer a variety of cuisines and dining experiences. Office properties in Woodbury, including those in the city's business parks, provide space for businesses and entrepreneurs. Hotels in Woodbury, such as those near Interstate 94, offer convenient accommodations for travelers and business visitors. Overall, Woodbury's retail properties and other investment opportunities make it an attractive location for businesses and investors.
What is the average cap rate for retail properties in Woodbury?
When it comes to retail properties in Woodbury, investors can expect an average cap rate of 6.12%, which is a key metric to consider when evaluating potential investments. For those new to commercial real estate investing, it's essential to understand what a cap rate is and how it's calculated, which is why we recommend checking out our article on what is a cap rate to get a better grasp of this important concept.
How do location and foot traffic affect retail property values?
When it comes to retail properties in Woodbury, location plays a significant role in determining property values. Properties situated in high-traffic areas, such as along Interstate 94 or near major retail centers like Tamarack Village, Woodbury Village, and Woodbury Lakes, tend to command higher values due to their visibility and accessibility to a large customer base.
