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Caltex Rockville, 214-216 North Street, Rockville, QLD, 4350

2. Property Highlights

Caltex Rockville
  • Leased to Chevron ($300b+ market cap)
  • 15 Year Lease to 2037 + Options to 2057
  • Net Annual Rent: $324,450*

Cushman & Wakefield is pleased to present Caltex Rockville (Toowoomba) to the market for sale via Expressions of Interest closing at 4pm on Wednesday the 20th of September 2023.

Developed in 2022, Caltex Rockville is perfectly positioned on a major northern arterial road that connects the CBD to the $1.6b Toowoomba Second Range Crossing, the forthcoming $1.3b Toowoomba Base Hospital and an abundance of other amenity including a brand-new National Storage facility and a proposed Woolworths anchored shopping centre located within a short distance from the Mort Street/North Street intersection.

The asset offers a 15-year lease to Chevron, a NYSE listed company with a market capitilisation that exceeds $300b and operates over 19,500 retail sites across 84 countries and is the owner of the Caltex Brand globally.

The property offers the following features:

• Leased to Chevron (operates over 19,500 retail sites across 84 countries)

• 15 Year lease to 2037 + options to 2057

• Outgoings are 100% payable by the tenant (excl. land tax)

• Site was developed in 2022 – Built by Beech Constructions

• Fixed 3.0% annual increases

• Located on a major arterial intersection close to major infrastructure

• Located in the heart of the Toowoomba Region – Population: 190,000+

Net Annual Rent: $324,450*

For further information or to arrange an inspection please contact Daniel Cullinane or Patrick Birchley of Cushman & Wakefield National Investment Sales.


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3. Property Location

Caltex Rockville, 214-216 North Street, Rockville, QLD, 4350

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4. Due Diligence

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Caltex Rockville, 214-216 North Street, Rockville, QLD, 4350 Rockville
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