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Brand New Caltex Service Station – 12 Year Lease + Options to 2054

148-152 Clarke Road , Crestmead QLD

Property Highlights

Outstanding deprecation benefits
Company lease to Chevron Corporation
High profile 2,202sqm corner site

Description

+ Brand new 12-year lease to Chevron Australia Pty Ltd until 2034 with options through to 2054.
+ Operated by Chevron Australia, a subsidiary of the Chevron Corporation, one of the world’s leading integrated energy companies, with a market cap of $257B and over 360 sites nationally.*
+ High profile 2,200 sqm* corner site within booming Crestmead industrial and residential precincts.
+ Construction completion late April 2022, allowing for outstanding tax depreciation benefits (approx. $202,330 first year tax deprecation).
+ Excellent rental increase – the greater of fixed 3% or CPI annually.
+ Tenant pays all outgoings excluding land tax.
+ Strategically positioned within Logan’s $1.5 billion Crestmead Logistics Estate, the nine-stage, 157-hectare development is set to create 6,000 jobs over the next five years.
+ Surrounded by over 15 residential developments recently approved with over 3,000 new dwellings to be completed by end of 2022.
+ Surrounded by essential social infrastructure, including 12 schools within 4km servicing over 12,742 full time students.
+ The City of Logan: By 2041, population is forecast to grow by 59 per cent to over 586,000.
+ Estimated Net Rent: $305,000* pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 12 May 2022
Hilton Hotel – Level 5

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
2,202 SQM
Building Area
1 SQM

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