11.67* Year WALE | Fully Leased and Anchored by Chevron Corporation (NYSE: CVX)
Burgess Rawson is pleased to offer to market Caltex Caboolture located at 286-290 King Street, Caboolture QLD, for sale via our Investment Portfolio Auction 161.
The property has the following investment highlights:
+ Anchored by a twenty (20) year net lease to Chevron to 2037 plus three (3) further five (5) year options to 2052
+ Chevron Corporation (NYSE: CVX): NYSE listed blue-chip fuel and convenience retailer with 19,550 sites globally and a market cap of $297 billion
+ Strong trading centre - 3 out of 4 tenants with early lease renewals
+ Strong and certain income growth across all tenancies with annual, fixed compounding 3% - 4% increases
+ Expansive 2,466sqm* site with dual street access and over 56 metres* of direct exposure to King Street
+ Attractive 11.67 year WALE, with 73% of income underpinned by Chevron Corporation
+ Constructed in 2017, offering modern infrastructure and significant tax depreciation benefits
+ Surrounded by essential social infrastructure including the Caboolture Hospital, TAFE Queensland Caboolture and 15 schools within 3.5km* servicing over 9,795 full time students^
+ Caboolture: booming growth suburb located within the Moreton Bay Region, with a forecast growth rate more than double the Queensland average
+ Moreton Bay Region: 24km* from Brisbane CBD, the Moreton Bay Region is the third largest LGA in Australia, with an estimated population of 479,639 and a workforce catchment of over 1 million workers^^
+ Net Income: $477,966 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.
^ Gapmaps
^^ Moretonbay.qld.gov.au
Remember to mention you found this property on CommercialReady
