Alberta Real Estate Licensing Exam Practice · Question
Sarah is a real estate associate representing a tenant interested in leasing a retail space in an Edmonton strip mall where a major grocery store operates. The grocery store significantly drives foot traffic to the mall. For Sarah's client, what is the most accurate description of the grocery store's role in the strip mall?
An anchor tenant is a major retailer in a shopping center that attracts a significant amount of customers, thereby benefiting other smaller tenants. The grocery
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Question: Sarah is a real estate associate representing a tenant interested in leasing a retail space in an Edmonton strip mall where a major grocery store operates. The grocery store significantly drives foot traffic to the mall. For Sarah's client, what is the most accurate description of the grocery store's role in the strip mall?
Answer options:
- It acts as a subtenant. ✅ It is likely an anchor tenant.
- It is a lease assignee.
- It is a gross lease tenant.
Correct answer: It is likely an anchor tenant.
Explanation: An anchor tenant is a major retailer in a shopping center that attracts a significant amount of customers, thereby benefiting other smaller tenants. The grocery store's role aligns with this definition.
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