Secondary Retail Assets Draw Investor Interest
- ClearView Insider
- Aug 19
- 1 min read
Investor demand for stabilized retail in smaller urban centres continues to show strength, with the recent sale of Plaza 43, an 11,315 sq. ft. strip mall in Vernon, BC, attracting multiple offers shortly after hitting the market.
Sale Price: $3,977,000
Occupancy: 100% (including anchor tenant Circle K)
Zoning: CMUB – Commercial Mixed-Use Business
Lot Size: 1.34 acres
This transaction reflects investor confidence in smaller markets, particularly when retail assets offer full tenancy, visible corner frontage, and long-term redevelopment potential. Properties like Plaza 43 continue to appeal to private capital for their income stability and value-add optionality—especially as urban zoning evolves to accommodate mixed-use intensification.
Even outside major centres, fully leased neighbourhood retail continues to draw interest from well-positioned buyers seeking durable cash flow and future upside.
Connect with ClearView:Exploring how secondary market fundamentals are shaping retail investment strategy? We can help you benchmark value and identify quality income-producing assets.