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Lakeland Mall 4420 Railway Av 68,131 SF 84% Leased Retail Building Vermilion, AB T9X 1G1 For Sale
INVESTMENT HIGHLIGHTS
- Prominent location ensures steady daily traffic
- Proximity to Hwy 16
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
68,131 SF
Building Class
C
Year Built
1990
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
5.19 AC
Zoning
C4 - C4-Shopping Centre District
Parking
221 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
587’ on Railway Avenue
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 500 SF
- Retail
- -
- Now
- 1st Floor
- 669 SF
- Retail
- -
- Now
- 1st Floor
- 885 SF
- Retail
- -
- Now
- 1st Floor
- 2,054 SF
- Retail
- -
- Now
- 1st Floor
- 2,360 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 500 SF | Retail | - | Now |
| 1st Floor | 669 SF | Retail | - | Now |
| 1st Floor | 885 SF | Retail | - | Now |
| 1st Floor | 2,054 SF | Retail | - | Now |
| 1st Floor | 2,360 SF | Retail | - | Now |
1st Floor
| Size |
| 500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 669 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 885 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 2,054 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 2,360 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
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Lakeland Mall | 4420 Railway Av
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