Traffic-Driver Retail
A retail format where an anchor tenant generates foot traffic to a multi-tenant center and the inline tenants pay premium rents to capture some of that traffic. The most common example is a grocery-anchored strip center: the grocer generates weekly-trip traffic, and the inline tenants (dry cleaner, nail salon, sub shop, pharmacy) pay above-market rents for the traffic-capture opportunity. Investment economics in traffic-driver retail are entirely dependent on the anchors credit and traffic -- the anchor is the lighthouse and the inline tenants are the harbor.
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Related terms
Absorption Rate · AFFO per Share · Allowed Return on Equity · Alternative Investments · Anchor Tenant · Assets Under Management
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