An anchor parcel refers to the land under and around an anchor tenant in a shopping center that includes the tenant’s building, parking, and landscaping. This property may be owned by the anchor tenant or controlled through a ground lease.
An anchor tenant is a principal or main tenant in a shopping center, whose presence draws a significant number of customers to the retail establishment, benefiting smaller stores and positively influencing the center’s overall performance.
Ancillary charges refer to additional rents incurred under a Triple-Net Lease to cover expenses such as Common Area Maintenance (CAM), real estate taxes, and insurance.
An ancillary tenant is a smaller, often specialty tenant within a shopping center, which contributes to the diversity and convenience of services available but does not generate as much foot traffic as an anchor tenant.
A freestanding building is an independent structure not attached to any other structures, often distinct and self-standing.
The term 'Go Dark' refers to the situation where a retail tenant ceases its operations in a leased space, while potentially continuing to pay rent. This can impact the viability and appeal of a shopping center as the absence of an anchor tenant may lead to a decrease in customer foot traffic and potentially cause other tenants to relocate or terminate their leases.
A Key Tenant, also frequently referred to as an Anchor Tenant, is a major retailer or other business that is considered to be significantly beneficial to a commercial property. They draw considerable foot traffic, consequently supporting smaller businesses in the same complex.
Mall stores are retail outlets located within a shopping mall, excluding the anchor tenant. These stores benefit from the general foot traffic generated by the anchor tenants, often leading to lesser advertising needs despite higher rent.
Occupancy Costs (Total) refers to a tenant's cumulative rent expense, generally including base rent, percentage rent, and additional charges. This key metric is pivotal for retail businesses in assessing the affordability and profitability of a given commercial space.
A prime tenant in real estate is the tenant who occupies the most space within a shopping center or office building. These tenants are considered creditworthy and are essential in attracting additional customers or traffic.
A regional shopping center is a type of retail development designed to service a larger geographic area, offering a wide variety of goods and services through numerous tenants, including at least one major department store as an anchor tenant.
A shadow anchor tenant is a large, well-known retail store near or adjacent to a shopping center's inline stores but is not a tenant of the shopping center itself. This store generates significant foot traffic to the neighboring retail spaces within the shopping center, resembling an anchor tenant in function without contributing rental income to the shopping center.
Strip Development or Strip Shopping Center refers to a form of commercial land use in which individual retail establishments have direct access to a major thoroughfare, commonly lacking an anchor tenant and utilizing intensive signage to attract customers.
