from 30% to 100% office space.
They aren’t usually found in downtown and office areas because of their size, low-density parking, and the potential need for loading and unloading goods. These can easily be converted and prepared for new tenants and their needs.
RETAIL
These range from single-tenant buildings (restaurants), to strip malls that have multiple tenants. They don’t usually include any high-rises. Investors tend to target these.
STRIP CENTERS
These are usually smaller than 30,000 square feet and may or may not have co-tenants next to a large retail chain, such as Walmart, Target, Home Depot, and others. Many will contain a mix of small retail stores around them, such as dry cleaning, barbershops, and delis.
COMMUNITY RETAIL CENTER
These can range anywhere from inside of 150,000 to 350,000 square feet. They have multiple anchors, such as grocery stores and restaurants. An example is a shopping plaza with a Walmart and a large grocery store chain separated by a few smaller retail tenants. Usually, you will see one or more restaurants in these centers.
POWER CENTER
These usually include a few smaller retail stores but stand out due to the presence of a couple of major box retailers, such as Lowes, Best Buy, or Walmart. These major retailers are usually in supersized stores and can take up anywhere from 20,000 to
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