Lakeland Mall presents a compelling opportunity to acquire a well-established retail centre in the heart of Vermilion, Alberta. Anchored by strong national and local tenants such as AG Foods, Dollarama, and Mainstreet Hardware, the centre benefits from consistent foot traffic and a diversified service offering. With a leasable area of approximately 68,131 square feet across 5.19 acres, the property boasts 221 on-site parking stalls and an 83.7% occupancy rate. The weighted average lease term of 4.2 years provides solid in-place income with long-term stability.
As one of Vermilion’s most recognized shopping destinations, Lakeland Mall serves as a vital community hub, offering a variety of essential retail and service-oriented tenants that meet the daily needs of local residents.
The diverse tenant mix and 4.2-year weighted average lease term ensure reliable cash flow, while upcoming tenant additions and untapped leasing potential present upside for investors.