If you want to invest in a shopping mall for sale, it is important to understand the different types of shopping malls available and how they can benefit you in the long-term. We will go straight into discussing some of the most popular types of shopping malls.
Neighborhood center
These are shopping malls or shopping centers designed to provide convenient shopping for the daily needs of consumers in their neighborhoods. Roughly half of these malls are anchored supermarkets whilst about a third are anchored by a drugstore. The anchors are supported by stores offering sundries, drugs, personal services and snacks. Neighborhood centers are usually configured as a straight-line strip and they do not have a mall area or enclosed walkway, although there may be a canopy connecting the storefronts.
Community center
Community centers offer a wide range of apparel and other goods than neighborhood centers do. Among the more common anchors are super drugstores, supermarkets and discount department stores. Tenants in community centers sometimes contain off-price retailers who sell items such as home improvement items, apparel, sporting goods or electronics. The community center is configured as a strip in an L or U shape or a straight line. Community centers encompass a wide range of formats.
Regional center
This type of shopping mall provides general merchandise and services in a wide variety and full depth. Its main attractions are the anchors: mass merchant, traditional, or discount department stores. When investing in commercial properties for sale, you can invest in a regional center. Regional centers are usually enclosed and have an inward orientation of the stores. The stores are connected with walkways and parking surrounds the outdoor perimeter.
Super-regional center
This is similar to a regional center. However, because it is large in size, it has more anchors, draws from a large population base and has a deeper selection of merchandise. The typical configuration of the super-regional center is the same as the regional center. It is configured as an enclosed shopping center or mall.
Specialty/fashion center
This is a center that is composed mainly of boutiques, upscale apparel shops, and craft shops that carry unique merchandise of high price and high quality. These shopping centers need not be anchored but sometimes entertainment or restaurants can provide the draw of anchors. A specialty or fashion center’s physical design is very sophisticated. It emphasizes a rich décor and a very high-quality landscape. These centers are usually found in trade areas with high levels of income.
Power center
Power centers are dominated by a number of large anchors that include discount department stores, warehouse clubs, off-price stores or category killers. The center consists of several unconnected anchors and a minimum amount of small specialty tenants.
Festival/theme center
You can invest in these if you are looking for a shopping mall for sale. These centers employ a unifying theme. The theme is carried out by individual shops in their design. The biggest appeal of festival centers is to attract tourists. They can also be anchored by entertainment facilities and restaurants.
