Anchor tenants, also known as key tenants, are the prominent, well-known stores in a shopping center or mall that attract a significant volume of shoppers. These establishments typically occupy a large amount of space and are often major retailers like department stores, supermarkets, or big-box stores. For instance, a large Target store within a shopping plaza would be considered such a key establishment.
The value of these tenants lies in their ability to draw customers to the entire retail location. Their presence increases foot traffic, which in turn benefits smaller businesses within the center. Historically, these large retailers served as a catalyst for the development and success of many shopping centers and malls, providing stability and attracting other businesses due to the assured customer base.
