retailer location

Chapter 5

Retailer location

1) shopping center: Traditional & power center

     

    Traditional: Children place

    Power center : at the mall , sport authority, Toys R-Us

• shopping malls

       - all in one : one stop shopping mall

         Disadvantage 

         - Aging

         - demographic

2) city or town locations

3) Free standing sites

4) other retailers opportunities

• Airports
• Resorts
• Hospital

Type of leases

Percentage lease - lease based on % of sales

 3 clauses:

1. Prohibited use clauses

       limit the landlords from leasing to certain tenants

   2.  Exclusive use clauses

   3. Escape use clauses.

Also have a rule that must tenants follow :

• zoning and building code
• sign
• licensing requirements- alcoholic beverages