DC or AC impedance? At low voltage, the impedance is high but not super high, given by the diode characteristic. As the voltage applied to the output pin increases, the diode starts to conduct, and the DC impedance drops. When the current is high enough to turn on the chip, the DC resistance starts going up again, but AC signals get to see the decoupling capacitor.
If you really need high impedance when the circuit is off, you may need to use an external circuit like a relay or an open-collector driver.