Watch Watch
Sold Check
+12 Photos
286-290 King Street, Caboolture, QLD, 4510

2. Property Highlights

11.67* Year WALE | Fully Leased and Anchored by Chevron Corporation (NYSE: CVX)
  • High exposure 2,466sqm* freehold site
  • Outstanding depreciation benefits
  • Fixed 3% - 4% annual rent increases

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.


^ Gapmaps


Remember to mention you found this property on CommercialReady

Read More

3. Property Location

286-290 King Street, Caboolture, QLD, 4510

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
286-290 King Street, Caboolture, QLD, 4510 Caboolture
calculator-icon Yield Calculator
calcultor-icon Yield Calculator