Which scenario best describes an outparcel?

An outparcel typically refers to a piece of land that is located adjacent to a larger retail development, such as a shopping center, but is separately owned or occupied. These outparcels are often situated on the outskirts of the main shopping area, which allows them to have visibility and accessibility from the street while still being associated with the shopping center. This strategic positioning can attract customers who are visiting the larger retail hub while also serving local traffic.

Shopping malls generally do not contain outparcels as they are typically enclosed structures with internal stores. Stores located in city centers represent a different type of retail setting, focused more on urban environments rather than the relationship with a shopping center. Locations with high occupancy costs usually refer to the expense of leasing space in prime retail locations but do not specifically define the characteristics of outparcels, which focus on location rather than lease expenses.