*   A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Retail

SUBTYPES
Strip Center / Retail Park: Indicates a shopping center that is not enclosed and that its stores’ entrances typically face the parking lot.

Mall & Other: “Mall” indicates that the shopping center is enclosed and the shop’s entrances are predominantly facing the center’s interior while “Other” indicates retail properties that are neither enclosed malls nor unenclosed strip centers/retail parks.


FEATURES - Property characteristics that determine the market niche of the shopping center.

Airport: A consolidation of retail stores located within a commercial airport.

Anchor only: Indicates the transaction was only for the property occupied by the (an) anchor tenant.

Anchored: Indicates a shopping center with at least one anchor tenant.

Bank branch: Indicates the sale of a bank branch.

Big box: A size qualifier for any freestanding retail property standing alone, e.g., Home Depot, Target, Walmart. These properties are often essentially large warehouse buildings.

Convenience store: Indicates that the center has a convenience store. (Note that we have no closed deals in EM with this feature, only some offered and offered – pulled.)

Drug store: Indicates that the center has as a tenant a major drug store chain.

Freestanding: (subtype Other) Typically refers to a single-tenant property that is separate from a shopping center.

Grocery: Indicates the center has a grocery store, including hypermarkets and big box grocers such as a Sam’s Club or Walmart.

Lifestyle center: Upscale national-chain specialty stores with dining and entertainment, usually in an outdoor setting. Note that while lifestyle centers have typical size guidelines (150,000 – 500,000 sf), the center’s size does not dictate its classification.

Mall: Indicates that the shopping center is enclosed and the shop’s entrances are predominantly facing the center’s interior.

Other: A catch-all definition indicating a retail property that is neither an enclosed malls nor an unenclosed strip center/retail park. This term is often associated with Urban/Store front and freestanding properties.

Outlet: Indicates a shopping center comprised primarily of factory outlet stores where manufacturers sell product at a discount. Outlet centers are often but not always open-air rather than enclosed shopping centers.

Power center: Indicates a shopping center that generally contains three or more category-dominant anchors, including discount department stores, off-price stores, wholesale clubs, and relatively few small tenants.

Restaurant: Can be a feature of a shopping center but does not refer to the sale of a restaurant unless that restaurant is located within a market’s central business district (CBD).

Strip: Indicates a shopping center that is not enclosed and that its stores’ entrances typically face the parking lot.

Theatre: Indicates the presence of a movie theatre within the shopping center.

Unanchored: Indicates that the center has no anchor tenant. This is exceedingly rare.

Urban Retail / Store front: Indicates a retail property that sells in a CBD and is not part of an enclosed mall or open air center.

Next >> View the "S" Listings in the Commercial Real Estate Glossary

This site and the reports herein represent the most comprehensive data set of investment activity compiled for the commercial real estate industry. While no information in this highly fragmented market is perfect or all encompassing, Real Capital Analytics (RCA) has established rigid data collection and classification methodology including sourcing requirements and procedures to ensure information is accurate and timely.

RCA has attempted to conform wherever possible to the proposed standards and definitions of the Data Consortium (sponsored by NCREIF, PREA, NAREIM) and the Appraisal Institute. Any known deviations from these standards are noted.