Glossary
Pad Site
A ready-to-build parcel, often at the front of a larger development, prepared for a single freestanding building.
A pad site (or outparcel) is a parcel — typically along a road frontage or at the entrance of a larger center — prepared for a single freestanding building such as a restaurant, bank, or retail store. Pad-site development unlocks the highest and best use of frontage and is a common way to add value to underused commercial land.