Anchor Tenant
An anchor tenant is a major tenant (often large-format) that materially drives foot traffic or customer draw for a retail center or retail component of a mixed-use property. Anchor presence can influence lease economics and risk allocation for surrounding tenants through co-tenancy and other provisions.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Leasing / Marketing
- Property types
- Retail, Mixed-Use
Related terms
Retail-Specific Leasing Terms
- Breakpoint (Percentage Rent)
- Co-Tenancy Clause
- Exclusive Use Clause
- Go-Dark Provision
- Gross Sales (as Defined in Lease)
- In-Line Tenant
- Kick-Out Clause
- Percentage Rent
- Radius Restriction
General information, not legal, tax or financial advice.