Nanaimo Shopping Centers for Sale

Shopping Centres in Nanaimo available for sale

Nanaimo 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

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Shopping Centers for Sale in Nanaimo

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How many shopping centers are available for sale in Nanaimo?

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

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

The average size of shopping centers available for sale in Nanaimo 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.

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Shopping Center for Sale in Nanaimo