Powell River Power Centre Retail FOR SALE


Powell River, BC
$23,295,000 CAD
604-307-6136
, Powell River, BC for Sale
$23,295,000 CAD
Retail - FOR SALE
1/5
null | 6% Cap Rate

Powell River Power Centre
Powell River, BC


HIGHLIGHTS

  • The property is anchored by Canadian Tire and Rona, providing strong tenant stability and national brand recognition.
  • The centre is 100% occupied by national tenants with strong covenants, supporting reliable and consistent income.
  • The asset comprises 105,405 SF across three buildings on 8.11 acres with over 340 parking stalls.
  • Excellent visibility with 429 feet of frontage along Joyce Avenue, the main commercial thoroughfare.
  • Adjacent to Powell River Town Centre, a major regional retail hub anchored by Wal-Mart and Save-On-Foods.
  • Buildings are in very good condition with low ongoing management requirements and operational efficiency.

OVERVIEW

Lennard Commercial is pleased to present the opportunity to acquire Powell River Power Centre, a premium retail investment asset located in the central business hub of Powell River. The property offers stable income with low management requirements and strong upside potential through rent growth on lease renewals. The asset consists of three separate retail buildings totaling approximately 105,405 square feet of leaseable area on 8.11 acres. The offering includes a strong roster of national tenants and is fully occupied. Prospective purchasers are invited to submit offers through Lennard Commercial Realty, with offers reviewed as received. The site features excellent exposure along Joyce Avenue, the main commercial corridor, and benefits from strong co-tenancy and proximity to the Powell River Town Centre regional shopping mall. Powell River Power Centre consists of three retail buildings totaling approximately 105,405 square feet on 8.11 acres along Joyce Avenue in Powell River’s primary commercial node. The property includes a 31,150-square-foot Canadian Tire building, a 39,300-square-foot multi-tenant building occupied by Staples, Dollarama, Pet Valu, and Mark’s Work Warehouse, and a 34,952-square-foot building anchored by Rona with additional second-floor office space occupied by Canadian Emergency Medical Services. The buildings feature concrete foundations, steel frame construction, and a mix of metal paneling, architectural concrete block, and precast finishes. The fully paved site offers over 340 parking stalls, site lighting, and strong signage, including a Canadian Tire pylon. The location benefits from proximity to Powell River Town Centre, draws regional shoppers, and offers convenient access to the airport and ferry terminal.

ASK ABOUT THIS PROPERTY

Allon ShapiroCBRE, LimitedMore Info
604-307-6136

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Allon ShapiroCBRE, LimitedMore Info
604-307-6136

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