When leasing or selling parcels of property that are located outside of an enclosed shopping center but within the perimeter of the shopping center property (eg, along the interior road of the shopping center, along the peripheral boundary of the shopping center, or along shared parking fields of a shopping center), a landlord should consider several concepts that may not be considered critical issues when leasing in-line space.
In the Spotlight: Outparcel Leasing and Sales ' Concepts to Consider
When leasing or selling parcels of property that are located outside of an enclosed shopping center but within the perimeter of the shopping center property (<i>eg</i>, along the interior road of the shopping center, along the peripheral boundary of the shopping center, or along shared parking fields of a shopping center), a landlord should consider several concepts that may not be considered critical issues when leasing in-line space. However, for purposes of leasing or selling outparcel locations, these concepts are not only financially important to the landlord, but also will impact the day-to-day operations of a shopping center. These concepts include parking, insurance/casualty, maintenance and repair, and signage.
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