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6361-6373 Hammond Bay Rd 7,929 SF 100% Leased 4-Star Retail Building Nanaimo, BC V9T 5Y1 For Sale
INVESTMENT HIGHLIGHTS
- Fully leased to national and local tenants with 5-year WALT
- High-visibility corner with 530 feet of highway frontage
- Designated Secondary Urban Centre with redevelopment potential
- Anchored by The Brick, Wendy’s, and Coastal Community Credit Union
- Traffic counts of 25,000+ vehicles/day on Island Highway North
- Projected NOI of $1.8M with built-in rental escalations
EXECUTIVE SUMMARY
Positioned at the high-profile intersection of Hammond Bay Road and Island Highway North, Hammond Bay Centre offers investors a rare opportunity to acquire a fully leased, high-performing retail asset in Nanaimo’s dominant commercial corridor. Spanning 5.06 acres with 60,650 square feet of net rentable area, the property is anchored by national brands including The Brick, Coastal Community Credit Union, Pizza Hut, and Wendy’s, the latter occupying a coveted drive-thru pad on a multi-decade lease. Over 65% of the leasable area has been continuously occupied by the same tenants for 35 years, underscoring the asset’s stability and long-term appeal.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,929 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2023
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.55 AC
Zoning
CC-4 - North Nanaimo Urban Centre
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
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6361-6373 Hammond Bay Rd
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