Anchor tenant
A large, well-known tenant, such as a grocery store, that draws traffic to a shopping center and helps smaller tenants. Anchors often get lower rents, and their departure can hurt the whole center.
Also called: anchor, anchor store, major tenant
Related terms
Property used to sell goods or services to the public, from single storefronts to shopping centers. Visibility, traffic and co-tenants drive value, and leases are often net with CAM charges.
Fees tenants pay for upkeep of shared areas like parking lots, lobbies, landscaping and security, usually split by each tenant's share of the space. Estimates are billed monthly and reconciled once a year.
The fixed rent in a commercial lease before any added charges like CAM, taxes or percentage rent. It is usually quoted per square foot per year and often rises by set amounts over the term.
A contract between a landlord and tenant that sets the rent, term, deposit and rules for using a property.
Property used for business or to produce income, such as offices, retail, industrial buildings and larger apartment complexes. It is usually valued on its income and financed with commercial loans.