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Retail

RCA classifies retail properties as either strip centers or mall and other. Strip centers are usually smaller in size than a mall and has only one anchor tenant (unless a power center). It may even be an unanchored strip. Typically, this type of center does not carry the high-end merchandise found in mall department stores. Strip centers include Anchor Centers: one primary tenant in strip, Un-Anchored Centers: No primary tenant, Grocery: the anchor is a grocery store, Outlet: consists of manufacturers' and retailers' outlet stores which sell brand name items at discounted prices. Most centers are open air and configured in a strip type setting. Usually they range from 50,000 square feet to 400,000 square feet, but can be smaller or larger. Power Center: is a center usually 250,000 square feet to 600,000 square feet which has several large anchor type stores. These may include discount department stores (Nordstrom Rack), warehouse clubs, large category stores (Barnes & Noble) and home improvement stores. Typically the center is in strip format (may not always be connected) and has little or no small retail tenants.

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