604-647-1335
6355 Hammond Bay Rd, Nanaimo, BC for Sale
Storefront - FOR SALE
1/5
null | Request Cap Rate

6355 Hammond Bay Rd
Nanaimo, BC V9T 6M9


HIGHLIGHTS

  • Fully leased to national and local tenants with 5-year WALT
  • Anchored by The Brick, Wendy’s, and Coastal Community Credit Union
  • High-visibility corner with 530 feet of highway frontage
  • Traffic counts of 25,000+ vehicles/day on Island Highway North
  • Designated Secondary Urban Centre with redevelopment potential
  • Projected NOI of $1.8M with built-in rental escalations

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.06 AC

LAND SF

220,414 SF

ZONING

CC-4

APN/PARCEL ID

017-537-690

ASK ABOUT THIS PROPERTY

Michael EmmottAvison YoungMore Info
604-647-1335

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael EmmottAvison YoungMore Info
604-647-1335

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.