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126 Dandenong Road West, Frankston, VIC, 3199

2. Property Highlights

Trophy Large Format Retail Investment | National Automotive Retailer with Circa 100 Locations
  • Tenant Pays Outgoings Inc. Land Tax
  • Significant 1,900sqm* landholding
  • Premium Auto Showroom Precinct

Burgess Rawson are pleased to offer the fully leased TJM 4x4 freehold investment located at 126 Dandenong Road West, Frankston VIC for sale via Expressions of Interest closing 3pm Thursday 4 July 2024.

Investment highlights include:

+ New ten (10) year lease through to 2033 plus one (1) further five (5) year option through to 2038.

+ TJM 4x4: Circa 100 locations across Australia (1), wholly owned subsidiary of Eastern Polymer Group (BBK:EPG), TH-listed giant with a market cap of $773m*. (2)

+ Minimal management investment, investor friendly net lease, with tenant paying all usual outgoings including single holding land tax.

+ Strong and certain income growth with fixed annual, compounding 3% increases.

+ Recent showroom fit-out and upgrade carried out by the tenant to TJM's latest corporate layout and design.

+ Irreplaceable 1,900sqm* corner landholding providing 35 metres* of frontage and exposure to Dandenong Road West.

+ Strategic location within the premium automotive and large format retail showroom precinct which includes Ford, Toyota, Kia, Hyundai, Nissan, Subaru, Mitsubishi plus many more.

+ Within 400m* Frankston Freeway and Frankston-Dandenong Road on and off ramps, seeing a combined 84,000 vehicles passing daily. (3)

+ Frankston: Major commercial, retail, education and transport hub servicing the Mornington Peninsula, with a growing population forecast to increase 40% by 2041. (4)

+ Frankston is the gateway to the Mornington Peninsula: Tourism up 55% year-on-year with total domestic tourists reaching 8.23 million people. (5)

+ Net Income: $297,800 pa* + GST.

For Sale by Expressions of Interest

Closing 3pm (AEST) Thursday 4 July 2024

For further information please contact the agents directly

Available for individual sale or in one line:

4-8 Donald Avenue – Return-It

+ New Three (3) year lease to 2026 plus option to 2028.

+ Tenant pays all outgoings including Land Tax.

+ Net Income: $97,850 pa* + GST.

*Approximately

(1) LinkedIn

(2) EPG

(3) GapMaps

(4) Forecast.id

(5) Mornington Peninsula Shire

Remember to mention you found this property on CommercialReady

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4. Property Location

126 Dandenong Road West, Frankston, VIC, 3199

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5. Due Diligence

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