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Cushman & Wakefield Investment Sales is pleased to present a prime IGA anchored retail centre located in the strong growth area of Greenbank. Strategically located on the corner of Sheppards Drive and Middle Road, the asset is on a commanding 8,025sqm* lot.
Anchored by IGA Local Grocer and a head lease to Chevron Service Station trading as Caltex, IGA Greenbank is located 38km* south of Brisbane CBD. Situated in the in the Logan City Council the asset benefits from the rapid growth of Logan whilst also neighbouring the significant development of Springfield and Ipswich.
Key Highlights include:
• Multi-tenanted retail centre anchored by Local IGA Grocer and head lease to Chevron Fuel
• Passing Net Income of $569,973* per annum
• Positive rental reversion with average specialty rent of $427 p/m2* which is well below market rent, allowing potential investors immediate upside
• Significant 8,025sqm* lot with value add and development upside
• Prominent site exposure to Sheppards Drive and Middle Road
• Located in a strong residential growth area with significant master planned developments such as Mirvac’s Everleigh Community Scheme
Fully Leased Net Income of $571,473* per annum
For Sale via Expressions of Interest closing Wednesday 5 November 2025 at 4pm (AEDT).
For further information, or to arrange an inspection, please contact the below exclusive agents from Cushman & Wakefield.
*Approximate
Remember to mention you found this property on CommercialReady
Cushman & Wakefield Investment Sales is pleased to present a prime IGA anchored retail centre located in the strong growth area of Greenbank. Strategically located on the corner of Sheppards Drive and Middle Road, the asset is on a commanding 8,025sqm* lot.
Anchored by IGA Local Grocer and a head lease to Chevron Service Station trading as Caltex, IGA Greenbank is located 38km* south of Brisbane CBD. Situated in the in the Logan City Council the asset benefits from the rapid growth of Logan whilst also neighbouring the significant development of Springfield and Ipswich.
Key Highlights include:
• Multi-tenanted retail centre anchored by Local IGA Grocer and head lease to Chevron Fuel
• Passing Net Income of $569,973* per annum
• Positive rental reversion with average specialty rent of $427 p/m2* which is well below market rent, allowing potential investors immediate upside
• Significant 8,025sqm* lot with value add and development upside
• Prominent site exposure to Sheppards Drive and Middle Road
• Located in a strong residential growth area with significant master planned developments such as Mirvac’s Everleigh Community Scheme
Fully Leased Net Income of $571,473* per annum
For Sale via Expressions of Interest closing Wednesday 5 November 2025 at 4pm (AEDT).
For further information, or to arrange an inspection, please contact the below exclusive agents from Cushman & Wakefield.
*Approximate
Remember to mention you found this property on CommercialReady
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