What counts as on-site retail rather than a retail tenant?
On-site retail is operated by the property and serves its existing visitors — a gift shop, pro shop, camp store, convenience mart, vending or arcade. A leased retail tenant pays rent and is underwritten as a lease, not as an operating department. The distinction matters because one shows up in revenue and the other in the rent roll.
How is on-site retail performance measured?
Spend per visit and capture rate — buyers divided by visitors — rather than sales per square foot, because the audience is captive and traffic is driven by the main business. Average transaction value and gross margin by format matter too, since vending and packaged goods carry very different margins from branded merchandise.
How does Ilora.ai analyze on-site retail?
Ilora tracks it as a separate revenue centre and benchmarks capture against the period's visitor or occupancy count, so a month where footfall rose but retail did not is surfaced rather than buried in a total. Where a property records several retail formats, each is kept distinct rather than summed.