An outparcel is a freestanding pad site at the edge of a shopping center, common for quick-service restaurants and banks.
Outparcels are common sites for fast-food restaurants, banks, pharmacies, and similar single-tenant NNN users because of their visibility and easy access. The parcel may be owned separately from the center, but it often shares parking and access through easements, so buyers should review those agreements and any restrictions in the declaration. Understanding who maintains shared areas and what rights the center owner has is important for the property's long-term value.