What type of commercial property is characterized by having three or more full-line department stores, each at least 75,000 square feet?

The correct answer is mega malls, which are often large retail spaces that can encompass a variety of stores, entertainment options, and dining facilities. The defining characteristic of a mega mall is its size and the inclusion of multiple full-line department stores, each typically measuring at least 75,000 square feet. This large scale allows for a diverse shopping experience where consumers can find a wide range of products and services all in one location.

Mega malls tend to attract shoppers not only for their extensive retail offerings but also for the amenities they provide, such as movie theaters, arcades, and food courts. The presence of multiple anchor stores, like department stores, is essential as these attract foot traffic, thereby benefiting smaller shops within the mall. The emphasis on having three or more full-line department stores is a key factor that categorizes these properties as mega malls, distinguishing them from other types of commercial real estate such as shopping plazas or community shopping centers, which typically feature a smaller selection of stores and a different layout.