Investment Property Available
For Sale Neighborhood Center

Westbank Hub North

2115-2170 Louie Drive, Westbank, BC V4T 1T8 Canada
Investment Property Available
For Sale Neighborhood Center

Westbank Hub North

2115-2170 Louie Drive, Westbank, BC V4T 1T8 Canada
Building Size
256,863 SF
Lot Size
1,001,880 SF / 23 Acres
Built
2008
Building Size
256,863 SF
Lot Size
1,001,880 SF / 23 Acres
Built
2008

OVERVIEW

Westbank Hub North is a 256,863 SF grocery-anchored open-air retail centre in West Kelowna, strategically located along Highway 97 with exposure to over 43,000 vehicles daily. Anchored by a 172,000 SF Walmart on a bond-like quadruple net lease and supported by national tenants including London Drugs, Dollarama, and CIBC, the asset delivers stable, recurring cash flow.

The property is 99.2% occupied with a strong necessity-based tenant mix and a WALT of approximately 5.5 years, providing durable income security. Investors benefit from below-market rents with ~12% upside and a prepaid 100-year land lease (80 years remaining), offering enhanced yield potential in one of BC’s fastest-growing regions.

CONTACT

Key Features
  • Dominant regional shopping centre anchored by high-credit national tenants.
  • Stable, long-term income supported by strong lease structures.
  • Built-in rental upside through below-market in-place rents.

Details

Building Size:
256,863 SF
Sale Price:
Contact us for pricing
Lot Size:
1,001,880 SF / 23 Acres
Year Built:
2008

CONTACT

Westbank Hub North

LOCATION

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