What is one characteristic of a power center?

A power center is a type of retail real estate development that typically features several large anchor stores, such as discount department stores or major chain retailers, and usually has a minimal presence of small specialty tenants. This characteristic is essential to power centers because they are designed to draw a significant number of shoppers through the prominent presence of their anchors, often leading to a less dense constellation of smaller shops.

While some options suggest different retail configurations, a defining feature of a power center is that it prioritizes large retail stores as anchors, which caters to high-volume shopping rather than the diversity of unique or specialized tenants. This setup distinguishes power centers from other retail formats that might focus more on boutique shops or dining experiences. The emphasis on large-scale retailers serves to attract substantial foot traffic, which in turn can benefit any small tenants present, even if they are minimal in number. Therefore, the focus on anchor stores with a limited mix of smaller retailers appropriately captures the primary characteristic of power centers.