Chapter 14 PM PPT - Chapter 14 Retail Property Learning...

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Chapter 14 Retail Property
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Learning Objectives Identify five types of retail properties Define anchor tenants and patterns of retail centers Contrast differences in marketing to attract tenants and to attract customers List examples of proper tenant mix and parking issues Summarize negotiating points for percentage leases and how to calculate payments List major rental incomes Determine risk liability and importance of carrying appropriate insurance
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Classification of Shopping Centers By Marketing Area Strip Centers – convenience centers, 10,000-30,000 sf, 4-10 retail spaces Super-regional Center – 1.5 M sf, largest type Neighborhood Centers - 100,000 sf, supported by at lease 1,500 families within 1.5 mile radius, 15-20 stores, anchored by a supermarket
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Classification of Shopping Centers By Marketing Area Community Center – ten acres, 20-70 stores, anchored by small local department store, 150,000-300,000 sf and draws customers from a 5 mile radius, 5,000 families, two or more supermarkets and department store. Regional Centers – as many as six major department stores, food stores, restaurants, banks, 70-225 stores, serves a radius of 10-50 miles, 50,000-150,000 families, 300-800 sf
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Shopping Center Classifications Pattern Classification Strip L Shape U Shape Cluster Design T Design Triangle Dumbbell Double Dumbbell
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Classification of Shopping Centers Owner Classification – can be corporation or individual owners; have different tax regulations Merchandising Classifications
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Chapter 14 PM PPT - Chapter 14 Retail Property Learning...

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