Anchor Tenant
The largest tenant in a multi-tenant retail or mixed-use center and the one customers come specifically to visit. Anchors generate the foot traffic the rest of the center depends on. Common anchors include grocery stores, big-box discount retailers, fitness chains, and movie theaters. The credit of the anchor and the term remaining on the anchor lease are the two most important factors in valuing the entire center -- two physically identical strip centers with different anchors trade at very different cap rates.
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Related terms
Absorption Rate · AFFO per Share · Allowed Return on Equity · Alternative Investments · Assets Under Management · Book Value per Share
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