Lake County Florida Retail & Restaurant Real Estate
Retail properties are used exclusively to market and sell
goods and services to a vast variety of consumers. The
configuration of these properties is designed to meet a
particular consumer’s buying preferences. Retail properties
fall into general categories such as regional malls,
neighborhood shopping centers, commercial strip properties,
and single-building properties.
A shopping center is a group of commercial establishments
designed, built, and managed as a unit to serve the immediate
trade area. It provides on-site parking in proportion to the
size, type, and number of stores in the center.
The International Council of Shopping
provides the following shopping center descriptions.
This center is designed to provide convenience shopping for
the day-to-day needs of consumers in the immediate
neighborhood. Supermarkets anchor half of these centers, while
about a third have a drugstore anchor. A neighborhood center
usually is configured as an “L” or straight-line strip with no
enclosed walkway or mall area, although a canopy may cover and
connect the storefronts.
A community center typically offers a wider range of apparel
and other soft goods than the neighborhood center. Among the
more-common anchors are supermarkets, super drugstores, and
discount department stores. Community center tenants sell
items such as apparel, home-improvement goods, furniture,
toys, electronics, or sporting goods.
This center type provides general merchandise, a large
percentage of which is apparel, and services in full depth and
variety. Its main attractions are its anchors: traditional,
mass market, discount department stores, or fashion specialty
stores. A typical regional center usually is enclosed with an
inward orientation of the stores connected by a common walkway
with parking at the perimeter.
Similar to regional centers, but because of its larger size, a
super-regional center has more anchors, a deeper selection of
merchandise, and draws from a larger population base. As with
regional centers, the typical configuration is as an enclosed
mall, frequently with multiple levels.
This type of center is dominated by large retailers, including
discount department stores, off-price stores, and warehouse
clubs, or “category killers.” Category killers are stores that
offer tremendous selection in a particular merchandise
category at low prices such as shoes, pet supplies, or
This type of center is composed mainly of upscale apparel
shops, boutiques, and craft shops carrying selected fashion or
unique merchandise of high quality and price. These centers
need not be anchored, although sometimes restaurants or
entertainment can provide an alternative to high-profile
anchors. The physical design of the center is sophisticated,
emphasizing a rich décor and high-quality landscaping. These
centers usually are found in trade areas with high income
These centers typically employ a unifying theme that is
carried out by the individual shops in their architectural
design and, to an extent, in their merchandise. The biggest
appeal of these centers is tourists; restaurants and
entertainment facilities can anchor them. These centers,
generally located in urban areas, tend to be adapted from
older, sometimes historic, buildings and can be part of
Usually located in rural or occasionally in tourist locations,
outlet centers consist mostly of manufacturers’ outlet stores
selling their brands at a discount. These centers typically
are not anchored.
This is a commercial establishment providing goods and
services in single- or multiple-use buildings of various
sizes. The larger, newer freestanding stores also are referred
to as “big boxes.”
Freestanding retail development often is created on an infill
basis to fill specific market gaps or local needs and may be
found near major shopping centers and along major corridors.
Common Strip Properties
These are strips of commercially zoned parcels developed for
retail use. They usually have a fairly narrow trade area and
offer a variety of services.