7% Yield Anticipated | 7-Eleven + Fast Food Anchored Retail Centre on Expansive 7,006sqm* Site
Burgess Rawson is pleased to offer to the market the 7-Eleven & Fast Food anchored Convenience Centre located at 1102-1108 Bribie Island Road, Ningi (Moreton Bay) QLD for sale by Private Treaty.
This opportunity has the following key investment highlights:
+ Significant 7,006qm* corner land rich site with 258 metres* of direct frontage to Bribie Island and Bestmann Road (25,000 vehicles passing daily)
+ Recently renewed net lease to 7-Eleven to 2028 plus options to 2038
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share
+ Supported by a 10 year net lease to Beefy’s Fast Food to 2031 plus options to 2041
+ Landlord-friendly long-term leases offering secure income (73% of income underpinned by 7-Eleven & Beefy’s)
+ Strong rental provisions across all tenancies between 3% - 4% and CPI ensuring strong rental growth
+ Low site coverage with potential for future development upside (STCA)
+ Ningi: located 42km* north of the Brisbane CBD in one of Queensland’s fastest growing regions, with outstanding connectivity off the Bruce Highway at the gateway to Bribie Island
+ Moreton Bay Region: 24km* from Brisbane CBD, the Moreton Bay Region is the third largest LGA in Australia, with an estimated population of 479,639 and a workforce catchment of over 1 million workers
+ Net Income: $633,504 pa + GST
For Sale by Private Treaty.
Please contact the exclusively appointed Burgess Rawson team for more information
*Approx.
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