What is a pad site in real estate?

What is a Pad Site in Real Estate?

A pad site in real estate refers to a freestanding parcel of land in a larger shopping center or commercial development that is used for a standalone retail, restaurant, or other commercial establishment. These sites are typically located in the parking lot areas of shopping centers, malls, or along the periphery of the development, offering high visibility and easy access for consumers. Pad sites are desirable for businesses seeking to benefit from the foot traffic and visibility associated with being near larger anchor stores or a busy commercial area, while maintaining a separate, distinct presence. They are often leased or sold to tenants like fast food restaurants, banks, coffee shops, or gas stations that require a small footprint and benefit from convenient, direct access to consumers.

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