Wyoming, Michigan is a prime location for investing in shopping centers, with a strong retail sector and a growing population of around 70,000 residents. Shopping centers in Wyoming offer a unique opportunity for investors to capitalize on the city's economic growth, with a diverse range of industries and major employers, including General Motors Components Holdings, Gordon Food Service, and Reynolds Metals. These shopping centers can represent a variety of investments, from retail strip centers to large-scale shopping malls, each with its own unique characteristics and advantages. Wyoming's amenities, infrastructure, and location make it an attractive place to invest in a shopping center, with easy access to major highways like I-196, US 131, M-6, and M-11, and a range of utilities and services available to residents. The city is also home to several educational institutions and is served by multiple school districts, making it an ideal location for families and businesses alike. With attractions like the 28th Street Metro Cruise and the Wyoming Public Library, Wyoming is a great place for business and travel.
Wyoming's shopping centers are situated in a prime location, with nearby access to major highways and a range of amenities and services. In addition to shopping centers, Wyoming also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For example, the city's 28th Street corridor is home to a variety of restaurants and entertainment venues, while the area surrounding Metro Health Hospital has seen continued development since its opening in 2007. Land is also available for development, with the former General Motors land, known as Site 36, being a focus of redevelopment efforts in the city. Office properties are also available, with many businesses taking advantage of Wyoming's strong economy and highly educated workforce. With a range of property types available, Wyoming is an attractive location for investors and businesses alike. Currently, there are 3 shopping centers for sale in Wyoming, with an average price per square foot of $233 USD and an average size of 11,212 square feet. The largest shopping center available is 19,540 square feet, and the average cap rate is 7.05%. Wyoming's shopping centers offer a unique opportunity for investors to capitalize on the city's economic growth and strong retail sector.
What is the average cap rate for shopping centers in Wyoming?
For investors seeking shopping centers in Wyoming, Michigan, the average cap rate is 7.05%, offering a promising return on investment in this suburban community with a strong retail sector.
