Question

How many major tenants does a neighborhood shopping center normally have?

A) 2
B) 4
C) 6
D) 8

Answer 1

A neighborhood shopping center usually has 2 to 3 major tenants, often known as anchor stores, which attract customers and support surrounding smaller retail stores.

Step-by-step explanation:

A neighborhood shopping center normally has 2 to 3 major tenants, which are often well-known retail chains or grocery stores, known as anchor stores. These anchor tenants are essential as they draw consumers to the shopping center, benefiting the smaller stores located within.

However, for neighborhood shopping centers specifically, which typically span 30,000 to 150,000 square feet, you can generally expect to see around 2 to 3 major tenants, with additional smaller retail establishments filling out the rest of the space.