Brand New Fast Food & Convenience Retail Investment - Newcastle Growth Corridor
Burgess Rawson is pleased to offer to the market EG Cameron Park NSW for sale via our Investment Portfolio Auction 160.
The property has the following investment highlights:
+ Brand new 15-year lease to 2038 plus options to 2068
+ EG Group: Multinational fuel and convenience retailer with $33 billion annual revenue & 6,612+ locations globally.**
+ Favourable annual CPI rent reviews.
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings (including Land Tax)
+ Substantial 3,874 m2 ‘pad site’ directly adjoining McDonald's and Woolworths anchored Cameron Park Plaza
+ Brand new state-of-the-art purpose-built convenience retail and fast-food drive thru facility offering outstanding tax depreciation benefits.
+ Positioned in close proximity to two of NSW’s most important arterial routes Pacific Highway and George Booth Drive which collectively service over 62,500 cars daily ***
+ Directly neighbouring national consumer giants located in Cameron Park Plaza such as McDonalds, Woolworths and KFC, developed in 2020.
+ Strong consumer demand with 69% of households in the area owning 2 or more vehicles.
+ Approximately 10m annual visitors to the Newcastle region creating $3.2b in expenditure****
+ Net Income: $450,000 pa + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 9 May 2023
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
** EG Group
*** Gapmaps
**** Destination NSW
Remember to mention you found this property on CommercialReady
