V9S Shopping Centers for Sale

Shopping Centres in V9S available for sale

Shopping Centers for Sale Within 10 kilometers of V9S

Hammond Bay Centre - 6355 Hammond Bay Rd

Nanaimo, BC

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.