56 Bath Street & 73 Railway Terrace, Alice Springs, NT, 0870

CBRE is pleased to offer to the market this Generational Trophy Kmart & Mycar investment located in the heart of Central Australia at 56 Bath Street & 73 Railway Terrace, Alice Springs NT via our exclusive SELECT portfolio. The property is being sold via Expressions of Interest closing 4pm (AEST) Wednesday 6 May 2026.

Positioned at the heart of Alice Springs’ main retail hub, this high performing precinct directly neighbours Coles, Woolworths, McDonald’s, KFC and Liquorland. As the undisputed retail destination for Central Australia, the precinct captures a vast and captive catchment with no comparable retail alternative within the region.

This opportunity has the following key investment highlights:

+ Long 12-year anchor Kmart head lease to September 2032 plus options extending to 2062

+ Favourable lease structure with Kmart responsible for operating expenses including council rates, water rates and sewerage

+ Secure Wesfarmers covenant with Kmart Australia Limited a wholly owned subsidiary of ASX-listed Wesfarmers (~$85bn market cap)¹, delivering unparalleled income security in the regional retail market

+ Complementary renewed 5-year mycar Tyre & Auto lease to 2030

+ Strong and growing sales momentum with Kmart turnover growing substantially at this location in recent years, with a percentage rent threshold providing clear rental upside potential

+ Irreplaceable 12,310sqm* CBD freehold landholding across two high exposure lots with 259* metres of triple street frontage to Bath Street, Railway Terrace and Stott Terrace

+ Alice Springs: The commercial hub for central Australia servicing its immediate population, surrounding communities spanning hundreds of kilometres, and a consistent tourism base driving reliable daily foot traffic

+ Net Income: $1,853,164 pa* + GST

To be sold via Expressions of Interest

Closing 4pm AEST Wednesday 6 May 2026

*approx

1 As at 18/3/26

Remember to mention you found this property on CommercialReady