Brand New Fast Food & Convenience Retail Investment | 15 Year Net Lease to EG Group
1 McKay Street, Brendale QLD
Property Highlights
Description
Burgess Rawson is pleased to offer EG Brendale (Brisbane) QLD to the market via for sale via our Investment Portfolio Auction 160.
The property has the following investment features:
+ Brand new fifteen (15) year net lease to EG Group to 2038 plus six (6) further five (5) year options to 2068
+ EG Group: multinational fuel and convenience retailer with $33 billion annual revenue & 6,612+ locations globally
+ High exposure 6,390sqm* freehold corner site in the tightly held Brendale industrial precinct
+ Favourable annual CPI rent reviews
+ Investor preferred net lease with the tenant paying all outgoings, including land tax
+ Brand new state-of-the-art purpose-built convenience retail and freestanding fast food drive-thru facility offering outstanding tax depreciation benefits
+ Ideally positioned neighbouring new large format retail centre and directly opposite Bunnings Warehouse
+ Rare to market opportunity to secure convenience retail, fuel and freestanding Oporto branded fast food investment underpinned by EG Group head lease
+ Includes additional development land DA approved for freestanding fast food drive-thru facility under head lease, providing future upside and increased depreciation benefits
+ Brendale: one of Brisbane’s most sought-after and developing industrial precincts located 16km* north of the Brisbane CBD
+ Moreton Bay: one of Australia’s fastest growing urban regions, with its population forecast to grow by over 50% to more than 690,000 by 2041
+ Net Income: $550,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 11 May 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
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