Re: Class C malls - definition Class A,B & C malls
Class "C" malls are those that are struggling and at risk of becoming a dead mall. There may be sections of vacant tenants, an anchor vacant, and are generally seen as a negative draw for the region. Expect stuff like cheap jewelry/nail salons, dry cleaners, cell phone repair, and Burlington Coat Factory. Crime can be a problem, and the furnishings are generally in need of repair. But if crime isn't too bad, there are usually "alternative" tenants such as offices, community centers, healthcare clinics, and even laser tag outlets
Class "B" malls are sort of the blue-collar version of the Class "A" mall, typically just anchored with Sears, JC Penney, and a Macy's, but with the Macy's lacking the quality stuff sold at the "A" malls. A dollar store is usually featured, but you'll still have stuff like Foot Locker, Radio Shack and perhaps a Victoria's Secret. Income returns are generally a mixed bag. There may be a few vacancies for some of the tenants, but only a few and all anchor spaces are open. An alternative tenant or two is possible as described under Class "C".
Class "A" malls generally gross the most profitable returns and have a good number of quality retailers in them, typically at least one upscale department store and good tenants such as an Apple store, and are viewed as a positive draw for the region. There are some quality food options with a nice diversity and even some adjacent sit-in places. There is usually a good selection of entertainment options, from cinemas to play areas to some community events.