Long Lake Plaza
Fully Leased, Value-Add Shopping Centre
Opportunity
Tetra Realty Advisors and Avison Young are pleased to present an opportunity to acquire Long Lake Plaza, a fully leased, 2.55-acre shopping centre located at 4890 Rutherford Road in Nanaimo, BC. The property offers outstanding visibility and accessibility, making it an attractive investment in one of Nanaimo’s most vibrant commercial areas. With its strategic location and proximity to essential amenities, Long Lake Plaza is poised to benefit from the ongoing growth and development of the region, providing long-term value for investors.
Investment highlights
Total population of 55,698 within 5km
50+ surface parking stalls
Located along Island Highway with a daily traffic volume of 60,000+ VPD
Average Household Income: $100,336 (5km)
Stable tenant mix with primarily long-term tenancies and WALT of 4.55 years
Potential future mixed use redevelopment
Central location with significant development growth in surrounding area
Fully leased with room for rental rate growth upon renewals
Location
Located at 4890 Rutherford Road in Nanaimo, BC, the property is surrounded by a vibrant mix of residential neighborhoods, recreational facilities, and thriving commercial establishments, contributing to a dynamic and diverse community. With its central location and strong market demand, Long Lake Plaza presents a compelling investment opportunity for those looking to capitalize on Nanaimo’s growing economy and the unique appeal of Vancouver Island living. Positioned along one of Nanaimo’s key commercial corridors, the property enjoys excellent visibility and accessibility within the city’s bustling retail landscape.
