Ancillary Tenant
Barron's Real Estate Dictionary:
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Ancillary Tenant
A shopping center tenant that occupies less space and is of lesser importance in generating shopping center traffic than an anchor tenant. Typically pays higher rental rates relative to anchor tenants.
Example: The tailor shop, hairstylist, and pet store are ancillary tenants in a neighborhood shopping center; the supermarket is the anchor tenant.
Example: The tailor shop, hairstylist, and pet store are ancillary tenants in a neighborhood shopping center; the supermarket is the anchor tenant.
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| Animal Unit, Annexation |
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Ancillary Tenant
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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