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Strip malls and retail parks often range in size from 5,000 square feet (460 m 2) to over 100,000 square feet (9,300 m 2). In the International Council of Shopping Centers (ICSC) classification of shopping centers , U.S. and Canadian strip malls may fit the definition of:
A pad site or outparcel is a freestanding parcel of commercial real estate located in the front of a larger shopping center or strip mall. [1] Desirable because of their visibility to consumers, accessibility, and the ease of facilitating drive-thru service, pad sites are typically sought after by banks, casual dining, and fast food restaurants.
Investors are seeing new value in the strip mall. A lack of supply and an uptick in in-person neighborhood shopping has increased their value. One commercial real estate investor called the ...
Strip malls: Open-air centers under 30,000 square feet (2,800 m 2) are generally considered strip malls. [ 12 ] Kingsway West Retail Park in Dundee , Scotland – a typical layout with an anchor store (here a Tesco hypermarket ) and large-format retailers, surrounding customer parking and traffic access
The strip mall was the priciest purchase. It sits on over 17 acres and contains an empty grocery store location intended as a new home for the Durham County Board of Elections.
The project encompasses 10 parcels on Allstate Road, West Howell and Enterprise streets, and Baker and Field courts — formerly largely vacant, commercial/industrial land and parking lots south of South Bay Center. However, Councilor Frank Baker had significant concerns for neighbors regarding managing traffic around the expanded complex. [2]
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The center is usually configured in a straight line as a strip, or may be laid out in an L or U shape, depending on the site and design." [ 2 ] Power centers : Even larger centers of 250,000 to 600,000 square feet (23,000 to 56,000 m 2 ) are considered power centers , typically anchored by category-killer big box stores (e.g. Best Buy ) incl ...