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Building A 601 Bruce Ave 1,886 SF of Retail Space Available in Nanaimo, BC V9R 3Y6
Highlights
- Located at a prominent corner of Fifth Street and Bruce Avenue in Nanaimo’s University District.
- High-visibility retail strip serving a growing residential and student population.
- Positioned in a rapidly expanding retail market with strong consumer demand.
- Anchored by Dollarama and Tim Hortons, with a strong mix of national and local tenants.
- Convenient access to public transit and major roadways for easy customer reach.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 102 | 1,886 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor, Ste 102
This 22,000-square-foot retail strip is strategically positioned at the corner of Fifth Street and Bruce Avenue, directly across from the original University Village Shopping Centre. The development benefits from strong anchor tenants, including Dollarama and Tim Hortons, and features a dynamic mix of retailers such as Big Wheel Burger, Easy Financial, Local Pizza, and SIP Neighbourhood Pub.
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,886 SF | Total Land Area | 1.90 AC |
| Property Type | Retail | Year Built | 2020 |
| Gross Leasable Area | 28,795 SF |
| Total Space Available | 1,886 SF |
| Property Type | Retail |
| Gross Leasable Area | 28,795 SF |
| Total Land Area | 1.90 AC |
| Year Built | 2020 |
About the Property
The property at 601 Bruce Avenue in Nanaimo, BC, is part of the University Village Shopping Centre’s second phase. It comprises a single-story retail strip totaling approximately 22,000 square feet, with one space of 1,886 square feet currently available. The site is located in the Nanaimo University District and is anchored by Dollarama and Tim Hortons, alongside other tenants such as Big Wheel Burger and SIP Neighbourhood Pub. The property sits at the intersection of Fifth Street and Bruce Avenue, offering access to nearby residential areas and Vancouver Island University. Walk Score indicates a somewhat walkable location with some transit and bike accessibility.
Nearby Major Retailers
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Building A | 601 Bruce Ave
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