Asking Price Contact for pricing
NOI Net Operating Income N/A
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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area

Property Description

  • Brand new 7-Eleven anchored convenience centre
  • Fully leased with a centre WALE of 12.07yrs (by income) anchored by 7-Eleven on a 15yr lease and supported by four specialties
  • Tenants pay all outgoings (excluding land tax)
  • Expansive 5,637sqm site on the corner of a high profile signalised intersection in Doolandella
  • Directly adjoins and shares access with McDonald’s Doolandella
  • Rent reviews of greater than CPI for all tenants
  • Built in 2019 offering substantial depreciation benefits
  • Perfect location for convenience retail with massive surrounding growing population density - 47Ha of residential development underway within 2km* of the site
  • Net income of $533,545 per annum*


*Approximate


For Sale via Expressions of Interest closing Thursday 9 April 2020 at 4pm.

Investment Highlights

Dominant Position - Dominant position with a large 80 metre* frontage to Blunder Road - a main arterial road with six lanes of traffic and over 140,000 cars weekly.


Development Hotspot - Central to an intense development hotspot with over 47 hectares of residential development currently under construction within two kilometres.


New Generation Asset - Recently constructed in 2019, the Centre provides significant depreciation benefits and a tax-effective income stream.

Campbell Bowers
Senior Executive, Capital Markets
Jacob Swan
Jacob Swan
Head of Retail Investments - Australia

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