SOLD

+ Near New 15 year lease direct to 7-Eleven to 2032 plus options to 2047.
+ Guaranteed rent growth – 3% annual rent increases.
+ Tenant pays all usual outgoings as per the lease – excluding Land Tax.
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 locations and 38% market share and expanding by around 30 stores annual across Australia.
+ Prime corner site with 72 metres of combined frontage and high visibility to Beerburrum Road, Caboolture’s main arterial carrying over 24,000 vehicles daily.
+ Strategic retail convenience location between the D’Aguilar Highway and Caboolture Train Station, with circa 2,500 users Monday – Friday (Source: railbotforum) and includes 675 car parking spaces.
+ As new improvements including double skin fibreglass tanks constructed 2017 providing significant depreciation benefits.
+ Moreton Bay Region: One of Australia’s fastest-growing urban regions with over 50% residential population growth to 690,000 residents by 2041. 50km north from Brisbane City and 55km south from the Sunshine Coast.
+ Net Income: $340,112

Auction 11am AEDT Wednesday 11 December
Crown Casino, Melbourne, VIC