A LONG WALE RETAIL CONVENIENCE INVESTMENT UNDERPINNED BY HIGH-PROFILE NATIONAL RETAILERS
CBRE Retail Investments are pleased to present to market Deagon Travel Centre - A long WALE retail convenience investment underpinned by high-profile national retailers, conveniently located in a dominant position in Brisbane’s northern growth corridor.
• A highly sought-after income profile underpinned by Hungry Jacks (13 years), Pearl Energy (10 years) and Car Wash (10 years), representing a long 8.4 year WALE.
• Located 16km* from the Brisbane CBD on a 5,555sqm* high profile location along Depot Road with easy access to two major arterial roads, the Gateway Motorway (200m*) and Sandgate Road (380m*)
• The centre is anchored by three long-term leases with annual rental reviews between 3% and 3.5%, providing an easily managed and a defensive income structure.
• Excellent accessibility with direct access off Depot Road via a signalised intersection and multiple egress and ingress points carrying traffic from all points of the compass.
• Generous on-grade car parking for 42 vehicles, and a clearly signed Hungry Jack’s drive-thru access offering absolute convenience for the customer experience.
• With the rising cost of construction, there is an opportunity for a genuine revisionary income lift in the future
• Net Income $658,000 per annum + GST *^
Deagon Travel Centre is for sale via offers to purchase.
For further information on this property, please reach out to the sales and marketing agents.
*Approximate.
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