Space Lease Store With Drive Thru
Description
How to fill out Individual Space Lease For Retail Store In Shopping Center?
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FAQ
A building lot adjacent to a mall or shopping center is called a pad site. In a typical commercial retail property, there are two types of space. The main space, sometimes referred to as the ?inline? space, makes up the bulk of the leasable square footage of the property.
A pad site can sound confusing but is ultimately not too difficult to understand. Simply put, it is a building lot that is very close or next door to an existing commercial building. It is typically adjacent or on the same property to an already standing commercial real estate building.
The main space, sometimes referred to as the ?inline? space, makes up the bulk of the leasable square footage of the property. In addition, some properties contain ?outparcels? or ?pads? that are standalone sites upon which a customized space can be built and/or leased for a tenant.
A pad site is a commercial space that is next to or adjacent to an already existing building, typically located in a retail shopping center. Pad sites are in contrast to the main retail space, which is sometimes called the ?inline? space.
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.