Anchor Tenant Vacancy Clause
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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Related Content. Also known as the prime tenant, draw tenant or key tenant. A tenant usually strategically located in a shopping center to generate and maximize consumer traffic for other smaller retail tenants in the center.
Requiring the continued presence of an anchor store as a condition of the lease is known as a co-tenancy clause.
An anchor tenant is a large and well-known business that occupies a significant amount of space in a commercial real estate property. This type of tenant is often the first tenant to sign a lease agreement with a developer or landlord, and is crucial to the success of the property.
Anchor tenants are the largest or most prominent stores in a retail location. They help draw customers into the area either because they have unique items or they're a well-known name. In strip centers, anchor tenants are often big-box stores like Target, Wal-Mart or grocery stores.
What are Anchor Tenants in Commercial Real Estate? Anchor tenants are the largest or most prominent stores in a retail commercial real estate development. They generally help draw customers into the area. In strip centers and power centers, anchor tenants are often big-box stores or grocery stores.
The Future of the Anchor Tenants Concept One example is the Apple Store, which, in recent years, has become an increasingly common?and successful?anchor tenant for shopping malls.
In a commercial retail center, an anchor tenant is one who leases the largest amount of space. As a commercial real estate company, we like grocery store anchored retail centers. Example anchors include companies like WalMart, Kroger, Safeway, and Whole Foods.
