Lantzville Shopping Centers for Sale

Shopping Centres in Lantzville available for sale

Lantzville Shopping Center for Sale

6361-6373 Hammond Bay Rd

Nanaimo, BC V9T 5Y1

Retail for Sale
$33,000,000 CAD
7,929 SF

Nanaimo Retail for Sale

Hammond Bay Centre presents a rare opportunity to acquire a fully leased, high-performing neighborhood shopping center in the heart of Nanaimo’s primary retail hub. Strategically located at the intersection of Hammond Bay Road and Island Highway North, the property benefits from exceptional visibility and over 530 feet of highway frontage, with traffic counts exceeding 25,000 vehicles per day. This 5.06-acre site comprises seven buildings totaling 60,650 SF and is anchored by The Brick, complemented by a strong mix of national and local tenants including Wendy’s, Coastal Community Credit Union, and Pizza Hut. The center boasts a Weighted Average Lease Term (WALT) of 5.0 years, providing stable income backed by long-term tenancy, with over 65% of the leasable area occupied by tenants in place for more than 35 years. Recent capital improvements and a highly desirable drive-thru pad further enhance the property’s long-term value. Designated as a Secondary Urban Centre in Nanaimo’s OCP, the site offers significant redevelopment potential for low- and mid-rise residential projects, creating an attractive value-add component for investors. With strong tenant covenants, consistent cash flow, and the ability to reposition or redevelop in the future, Hammond Bay Centre is an exceptional investment opportunity in a growing Vancouver Island market.

Contact:

Avison Young

Property Subtype:

Storefront

Date on Market:

2025-10-15

Hide

View on Map

1-1 of 1

Learn More About Investing in Shopping Centers

Understanding Cap Rates in Commercial Real Estate

Calculating and Interpreting Cap Rates for Canadian Investors

Types of Commercial Leases: From Gross to Triple Net

Understanding the Different Lease Structures for Your Business Space

Commercial Real Estate Investing: Your Path to Market Success

Your guide to starting and thriving in Canadian commercial property investments

Apartment Building Investment: A Strategic Market Overview

Essential Insights and Practical Strategies for Building Your Multi-Family Portfolio

How to Rent an Office for Your Business in Canada

Learn About the Costs, Types of Office Spaces, and Key Considerations for Leasing the Ideal Commercial Space

Understanding Common Area Maintenance (CAM) Charges

Grasping Common Area Maintenance (CAM) Fees for Better Commercial Real Estate Decisions

How to Buy Land: From Raw to Ready for Development

Understanding Land Types and Purchase Requirements for Property Investment

REIT Investment Strategies: Building Real Estate Wealth

Understanding Investment Trusts and Creating Your Portfolio Strategy

Shopping Centers for Sale in Lantzville

View All Available Listings

How many shopping centers are available for sale in Lantzville?

There are currently 1 shopping centers available for sale in Lantzville, offering a unique opportunity for businesses to establish a presence.

How big are the shopping centers available for sale in Lantzville?

The average size of shopping centers available for sale in Lantzville is about 7,929 SF. The largest shopping centers available to buy is 7,929 SF and the smallest is 7,929 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

Nearby Cities

Other Property Types

Shopping Center for Sale in Lantzville