Which type of shopping center includes 15 to 20 stores and serves a 1.5-mile radius?

Get ready for the Commercial Property Management Exam. Use flashcards and multiple choice questions, each with hints and explanations. Prepare effectively!

The correct answer is that a neighborhood center typically includes 15 to 20 stores and serves a radius of about 1.5 miles. These centers are designed to meet the daily needs of residents in the surrounding area, offering various retail options such as grocery stores, drugstores, and small service-oriented businesses. The size and the types of stores found in a neighborhood center cater to the convenience of local shoppers, making it a vital hub for community retail.

In contrast, other types of shopping centers serve different purposes and community sizes. A strip center tends to be smaller and can consist of a few stores, primarily for convenience and usually located along major roadways. A community center typically features a larger array of stores, often ranging from 20 to 30, and serves a wider area than a neighborhood center. A regional center is significantly larger, often housing more than 50 stores and catering to a larger demographic over a much broader radius, usually several miles. Each of these centers plays distinct roles in retail geography, but for local shopping needs within a limited distance, the neighborhood center is the most fitting classification.

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