What is an Anchor Tenant?
An anchor tenant is a major retail store or business that is located in a shopping center or mall and is used to attract other tenants and customers to the location. Anchor tenants are typically well-known and established businesses that have a strong customer base and generate a lot of foot traffic.
They are typically larger than the other tenants in the shopping center and are often located in a prominent position within the center. The presence of an anchor tenant can help to attract other businesses to the shopping center, as they know that there will be a steady stream of customers due to the anchor tenant's popularity. In addition, anchor tenants often have long-term leases, which can provide stability and security for the shopping center.
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