Must Be Sold! Realisation Auction | Metro Brisbane 7-Eleven Convenience Retail Investment
Burgess Rawson is pleased to offer to market 7-Eleven Bald Hills located at 2203 Gympie Road, Bald Hills (Brisbane) QLD, for sale via our Investment Portfolio Auction 161.
The property has the following investment highlights:
+ Fifteen (15) year net lease to 7-Eleven to 2034 plus four (4) further five (5) year options to 2054
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share
+ Landlord favourable, net lease structure with 7-Eleven responsible for all usual outgoings excluding land tax
+ Strong and certain income growth with annual, fixed compounding 3% increases
+ Constructed in December 2019, offering modern infrastructure and significant tax depreciation benefits
+ High profile 1,566sqm* Gympie Road corner site located directly off Strathpine Road, providing access to over 40,000 vehicles daily^
+ Surrounded by important social infrastructure, with 6 schools within a 3km radius servicing over 4,000 full time students^
+ Over 21,815 motor vehicles registered within a 3km radius representing an average of 1.83 per household
+ Bald Hills: located in the heart of Brisbane’s Northern Growth Corridor, a 20 minute drive from the Brisbane Airport & 25 minutes from the CBD
+ Brisbane: the third largest city in Australia, with a population forecasted to grow by 15% to 2.875 million residents by 2035^^
+ Net Income: $347,736 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 22 June 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
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Remember to mention you found this property on CommercialReady
