Which term describes the minor tenant in a retail environment?

In a retail environment, the term that best describes a minor tenant is "Satellite Tenant." Satellite tenants are typically smaller spaces that are located within a larger retail space or shopping center, which are complemented by the presence of larger anchor tenants. These minor tenants benefit from the foot traffic generated by the anchor tenants and help create a diverse shopping experience for consumers.

The relationship between satellite tenants and anchor tenants is crucial for the success of a retail environment. Satellite tenants often include smaller shops, boutiques, or service-oriented businesses that rely on the visibility and traffic created by their larger counterparts. This synergy is vital as it enhances the overall appeal of the shopping center and often leads to higher sales for satellite tenants due to the increased customer base attracted by anchor tenants.

Other terms, such as main tenant and key tenant, typically refer to more significant retail stores or services that have a more substantial impact on the shopping center’s viability and revenue generation, such as department stores or major national retailers. Therefore, satellite tenant accurately captures the role of the minor tenant in a retail setting.