Ch. 10

Question 1

Isolated Store

Answer 1

A freestanding retail outlet located on either a highway or a street, with no adjacent retailers.

Question 2

Unplanned Business District

Answer 2

A type of retail location where two or more stores situate together (or in close proximity,) in such a way that the total arrangement or mix of stores isn’t due to prior long-range planning.

Question 3

Central Business District (CBD)

Answer 3

The hub of retailing in a city- synonymous with downtown.

Question 4

Secondary Business District (SBD)

Answer 4

An unplanned shopping area in a city or town that is usually bounded by the intersection of two major streets. (Think of Times Square)

Question 5

Neighborhood Business District (NBD)

Answer 5

An unplanned shopping area that appeals to the convenience shopping and service needs of a single residential area. (Shopping center that contains dry cleaners, liquor store, etc.)

Question 6

String

Answer 6

An unplanned shopping area comprising a group of retail stores, often with similar or compatible product lines, located along a street or highway. (think of apparel retailers)

Question 7

Planned Shopping Center

Answer 7

A group of architecturally unified commercial establishments on a site that is centrally owned or managed, designed and operated as a unit, based on balanced tenancy, and accompanied by parking facilities. (think of John’s Creek)

Question 8

Balanced Tenancy

Answer 8

The stores in a planned shopping center complement each other as to the quality and variety of their product offerings.

Question 9

Regional Shopping Center

Answer 9

A large, planned shopping facility appealing to a geographically dispersed market.

Question 10

Megamall

Answer 10

An enormous planned shopping center with 1 million + square feet of retail space, multiple anchor stores, up to several hundred specialty stores, food courts and entertainment facilities.

Question 11

Community Shopping Center

Answer 11

A moderately sized, planned shopping facility with a branch department store and/or a category killer store, as well as several smaller stores.

Question 12

Power Center

Answer 12

A shopping site with 1. up to a half dozen or so category killer stores and a mix of smaller stores, or 2. several complementary stores specializing in one product category. (think of mall with Huge Places and then smaller places)

Question 13

Lifestyle Center

Answer 13

An open-air shopping site that typically includes 150-200k square feet of space dedicated to upscale, well-known specialty stores. Focus on apparel, home products, books, music, etc.

Question 14

Neighborhood Shopping Center

Answer 14

A planned shopping facility, with the largest store being a supermarket or a drugstore.(think of Target in cumming, then other places)

Question 15

One-Hundred-Percent Location

Answer 15

the optimum site for a particular store

Question 16

Affinity

Answer 16

if the stores at a given location complement, blend, and cooperate with one another, and each benefits from the others’ presence.

Question 17

Retail Balance

Answer 17

the mix of stores within a district or shopping center.

Question 18

Terms of Occupancy

Answer 18

ownership versus leasing, the type of lease, operations and maintenance costs, taxes, zoning restrictions, and voluntary regulations.

Question 19

Straight Lease

Answer 19

a lease where a retailer pays a fixed $ amount per month over lease life

Question 20

Prcentage Lease

Answer 20

stipulates that rent is related to sales or profits.

Question 21

graduated lease

Answer 21

calls for precise rent increases over a stated period of time.

Question 22

maintenance-increase-recoupment lease

Answer 22

has a provision allowing rent to increase if a property owner’s taxes, heating bills, insurance or other expenses rise beyond a certain point.

Question 23

net lease

Answer 23

calls for all maintenance costs to be paid by the retailer.