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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.

*Approx.

^ Gapmaps

^^ Moretonbay.qld.gov.au

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3. Property Location

286-290 King Street, Caboolture, QLD, 4510

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4. Due Diligence

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286-290 King Street, Caboolture, QLD, 4510 Caboolture
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