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- LoopNet Team
525 Highway 97 S
West Kelowna, BC V1Z 4C9
Okanagan Lake Shopping Centre · Property For Lease
HIGHLIGHTS
- EXCELLENT HIGHWAY EXPOSURE AND EASY ACCESS TO PASSING MOTORISTS ON THE VERY BUSY HIGHWAY 97
PROPERTY FACTS
| Property Type | Retail | Total Land Area | 10.10 AC |
| Property Subtype | Freestanding | Year Built | 2012 |
| Gross Leasable Area | 127,000 SF | Parking Ratio | 4.59/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 127,000 SF |
| Total Land Area | 10.10 AC |
| Year Built | 2012 |
| Parking Ratio | 4.59/1,000 SF |
ABOUT THE PROPERTY
IDEALLY LOCATED MIDWAY BETWEEN DOWNTOWN KELOWNA AND WEST KELOWNA, THIS NEWLY CONSTRUCTED SHOPPING CENTRE OFFERS EXCELLENT HIGHWAY EXPOSURE AND EASY ACCESS TO PASSING MOTORISTS ON THE VERY BUSY HIGHWAY 97. Okanagan Lake Shopping Centre is a plaza-style power centre with 127,000 SF of leasable space comprised of five multi-tenant pads, one standalone pad, as well as a gas station with convenience store. Ideally located midway between Kelowna and West Kelowna, the property has excellent access via a newly constructed interchange at Westside Road and Hwy 97. Located on Westbank First Nation land, the 10.1 acre site was developed in a joint-venture partnership between Churchill and WFN in 2012. The property offers ample parking with 583 surface paved parking spots, and excellent exposure on busy Hwy 97 South — the primary route through the region. On average, 52,000 vehicles pass by the property each day (63,000/day during peak summer season). Notable high-volume tenants include Shoppers Drug Mart, Dollarama, Landmark Cinemas, Tim Horton’s, DQ Grill and Chill, Liquor Depot, Sammy J’s Grill & Bar, Shell Service Station, Subway, and TD Canada Trust. The Kelowna area (pop. 68,441) is the centre of economic and business activity in the Okanagan Valley and offers excellent growth potential.
