Power center

A A A

DEFINITION

A large (250,000 to 750,000 square ft.) outdoor shopping mall which usually includes three or more "big box" stores, as well as smaller retailers and restaurants (either free-standing or located in strip plazas), surrounded by a shared parking lot. Power centers are built for the convenience of motorists. Unlike traditional big box stores, power centers often have distinctive architectural features.

INVESTOPEDIA EXPLAINS

The first power center opened in Colma, Calif., in 1986. Since then, the power center model has been steadily edging out the traditional shopping mall. Renovations of older malls commonly involve turning them into power centers, rather than adding new retail space to existing facilities. For space reasons, power centers are almost always located in the suburbs. There are exceptions, however, when urban areas are redeveloped to accommodate a power center.


RELATED TERMS
  1. Business Broker

    A professional who specializes in the purchase and sale of companies. Business ...
  2. Realtor Property Resource (RPR)

    A National Association of Realtors member benefit providing realtors with online ...
  3. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned ...
  4. Collaborative Consumption

    The shared use of a good or service by a group.
  5. Forbearance

    A temporary postponement of mortgage payments.
  6. Warranty of Title

    A guarantee by a seller to a buyer that the seller has the right to transfer ...
  7. Warranty Deed

    A type of document that may be used to legally transfer property. A warranty ...
  8. Bad Title

    A title that does not grant ownership to its holder due to unsatisfied legal ...
  9. Appraisal Management Company - ...

    An independent entity through which mortgage lenders order residential real ...
  10. Contingency Clause

    A contract provision that requires a specific event or action to take place ...
Related Articles
  1. 4 Ways To Value A Real Estate Rental ...
    Home & Auto

    4 Ways To Value A Real Estate Rental ...

  2. Top Reasons To Apply For An FHA Loan
    Credit & Loans

    Top Reasons To Apply For An FHA Loan

  3. 5 Mistakes That Make House Flipping ...
    Home & Auto

    5 Mistakes That Make House Flipping ...

  4. 6 Steps to Become a Real Estate Agent
    Professionals

    6 Steps to Become a Real Estate Agent

  5. What's the difference between housing ...
    Investing Basics

    What's the difference between housing ...

  6. Boost Your Portfolio Yield With Alternative ...
    Mutual Funds & ETFs

    Boost Your Portfolio Yield With Alternative ...

  7. How does my debt-to-income (DTI) ratio ...
    Home & Auto

    How does my debt-to-income (DTI) ratio ...

  8. Understanding The National Association ...
    Entrepreneurship

    Understanding The National Association ...

  9. What are the best ways to invest in ...
    Investing Basics

    What are the best ways to invest in ...

  10. How does Fannie Mae (FNMA) make money?
    Home & Auto

    How does Fannie Mae (FNMA) make money?

comments powered by Disqus
Hot Definitions
  1. Amplitude

    The difference in price from the midpoint of a trough to the midpoint of a peak of a security. Amplitude is positive when calculating a bullish retracement (when calculating from trough to peak) and negative when calculating a bearish retracement (when calculating from peak to trough).
  2. Ascending Triangle

    A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
  3. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  4. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  5. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  6. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
Trading Center