The largest and most prestigious tenant in the center, although a center may have more than one anchor tenant, such as in a power center or regional center.

Either a department store or a major retail chain with enough prestige and popularity to attract other retail tenants and consumers.

The most financially stable and creditworthy tenant in the shopping center that can greatly affect the landlord's ability to obtain financing for its shopping center. Sometimes anchor tenants may be required before the landlord can obtain financing for its shopping center.

Able to negotiate lower rental rates compared to the smaller retail tenants located in the center.