An anchor pad refers to the land underneath the building of an anchor store in a shopping center. This land may be owned by the retail store or controlled through a ground lease.
An anchor parcel refers to the land under and around an anchor tenant in a shopping center that includes the tenant’s building, parking, and landscaping. This property may be owned by the anchor tenant or controlled through a ground lease.
An anchor tenant is a principal or main tenant in a shopping center, whose presence draws a significant number of customers to the retail establishment, benefiting smaller stores and positively influencing the center’s overall performance.
Common areas are portions of a property that are accessible and used by all owners or tenants. They play a crucial role in the overall functionality and value of residential, commercial, and mixed-use properties.
The term 'Go Dark' refers to the situation where a retail tenant ceases its operations in a leased space, while potentially continuing to pay rent. This can impact the viability and appeal of a shopping center as the absence of an anchor tenant may lead to a decrease in customer foot traffic and potentially cause other tenants to relocate or terminate their leases.
A kiosk is an independent stand that is used for selling merchandise. It is often located in the common areas of large shopping centers and malls, catering to consumer convenience and typically offering products ranging from food to small novelty items.
A large indoor shopping complex typically comprising multiple individual stores connected by enclosed walkways offering a variety of retail, dining, and entertainment options, often accompanied by ample parking facilities.
Merchandise mix refers to the combination and variety of stores and types of merchandise offered in a shopping center, aiming to meet consumer needs and drive foot traffic.
A neighborhood shopping center is a type of retail property designed to provide convenience shopping for the day-to-day needs of consumers in the neighborhood. It typically offers a mix of convenience-oriented stores and services.
A pad site is an individual freestanding retail space that typically encompasses ¾ to 1½ acres, often located near larger shopping centers or commercial developments.
Primary Market Population refers to the population located within a shopping center’s primary trade area. It often forms the majority of the customer base for the shopping center.
A retail property is a classification designated through zoning ordinances, allowing for various types of businesses such as stores or shopping centers, enhancing the commercial use of an area.
A shopping center is a collection of retail stores with a common parking area and generally one or more large department, discount, or food stores; often including an enclosed mall or walkway.
A Super Regional Center Shopping Center is a large-scale shopping center that exceeds the size and variety of regional malls, often featuring multiple full-line department stores and abundant gross leasable area.
