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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.
A strip mall, strip center, strip plaza or simply plaza is a type of shopping center common in North America and Australia where the stores are arranged in a row, with a footpath in front. Strip malls are typically developed as a unit and have large parking lots in front.
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 ...
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
Hamilton Street Holdings wants to redevelop the strip mall with a five-story building that will contain 120 apartments with a 7,311-square-foot day care center on the ground floor.
As of 2022, nearly 200 malls across America had plans to add residential units, according to the Orange County Register; 33 had made those plans since the start of the pandemic. Office conversions ...
This is a list of small shopping centres (mostly neighbourhood shopping centres) in the island of Montreal.. A neighbourhood shopping centre is an industry term in North America for a shopping centre with 30,000 to 125,000 square feet (2,800 to 11,600 m 2) of gross leasable area, typically anchored by a supermarket and/or large drugstore.