588 Redbank Plains Road, Redbank Plains QLD 4301

CBRE are pleased to present to market Redbank Plains Travel Centre, an opportunity to acquire a well-established premium retail investment underpinned by high-profile national and international retailers, located in one of Queensland’s fastest growing regions.

• Premium retail convenience investment secured via long term leases to high profile national retailers including Ampol, Krispy Kreme, Carl's Jrs & Zarraffa’s Coffee.
• 90% of income anchored by national and international retail tenants.
• Strategically positioned in one of Queensland’s fastest growing residential corridors set to benefit from high retail expenditure growth increasing from $1.37Bn to $3.52Bn – an average growth of 5.1% p.a.
• Expansive land holding of 1.53ha exposed to over 8 million cars annually with a dominant 152m frontage to Redbank Plains Road, a major arterial road.
• Positioned on a 4-way intersection with excellent accessibility linking the property to high growth corridors - Springfield & Ripley.
• Attractive income security underpinned by a 6.9 year WALE (by income) supported by corporate store guarantees and providing certain income growth via CPI and fixed annual rent reviews.
• Fully Leased Net Income: $1,676,000* per annum + GST

For sale via expressions of interest closing Thursday 25th May 2023 at 4:00pm (AEST).

For further information on this unique opportunity please contact the exclusive sales and marketing agents.

Remember to mention you found this property on CommercialReady