Western Sydney Convenience Retail Freehold | 3,513sqm* Prime Corner Site in Booming Precinct
Burgess Rawson is pleased to offer to market the 7-Eleven located 92 Mulgoa Road, Jamisontown NSW for sale via our Auction Investment Portfolio 159.
The property has the following investment highlights:
+ Brand new ten (10) year net lease to 2033 to 7-Eleven, plus two (2) further five (5) year options to 2043
+ Annual fixed compounding 3% rent increases, ensuring income growth
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share
+ 7-Eleven owns, maintains, repairs, and replaces all fuel tanks and equipment and is also responsible for site remediation
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings excluding land tax
+ High exposure 3,513sqm* freehold corner site with 116m* of combined frontage to Mulgoa Road and Batt Street
+ Strategic location in Penrith’s core commercial precinct surrounded by complementary retailers Bunnings, Guzman y Gomez, The Good Guys & Mazda
+ Located 350m* from HomeCo anchored by Nick Scali and less than 1km* from Penrith Homemaker Centre anchored by Bunnings, Harvey Norman, Spotlight and Supercheap Auto
+ Business Development (B5) zoning offering strong underlying land value and future development upside (STCA)
+ Penrith: located centrally in Greater Western Sydney with a forecasted population growth of 68% by 2041
+ Situated off the Western Motorway connecting Greater Western Sydney to the CBD with exposure to 65,000 vehicles passing daily
+ Greater Western Sydney: one of Australia’s fastest growing regions with a population of 2,620,162 residents (10% of Australia’s total population)
+ Net Income: $309,082 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Tuesday 28 March 2023
Sydney Opera House
*Approx.
Remember to mention you found this property on CommercialReady
