High Yielding Blue-Chip Convenience Retail Investment Anchored by NYSE Global Giant

43 Queen Elizabeth Drive , Berserker QLD

Property Highlights

Chevron Corporation - 19,550 sites
15 year net lease to 2030
Tenants pay all outgoings

Description

Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 43 Queen Elizabeth Drive, Berserker QLD for sale via Expressions of Interest closing Wednesday 24 April 2024 at 3pm AEST (if not sold prior).

This opportunity has the following key investment highlights:

+ Anchored by a fifteen (15) year net lease to Chevron to 2030 plus two (2) further five (5) year options to 2040
+ Chevron Corporation (NYSE: CVX): NYSE listed blue-chip fuel and convenience retailer with 19,550 sites globally and a market cap of $438 billion AUD
+ Supported by a six (6) year net lease Elite Real Estate secured with guarantees
+ Over 93% of income secured by Chevron Corporation
+ High profile 1,733sqm* freehold with triple street frontage and exposure to 20,000 vehicles passing daily*
+ Constructed in 2015, offering modern infrastructure and substantial depreciation benefits
+ Highly sought-after lease structure with tenants responsible for all outgoings, including land tax and management fees
+ Attractive CPI & CPI +1% annual reviews
+ Strategically positioned only 900m* to the Rockhampton CBD, surrounded by high profile occupiers including Woolworths, Target, JB-Hi-Fi, McDonald’s, KFC, Hungry Jack’s & Red Rooster
+ Rockhampton: a diverse and thriving $5.12 billion* economy with a population of 85,000 people & globally recognised as the ‘Beef Capital of Australia’
+ Net Income: $421,820 pa* + GST

For Sale via Expressions of Interest Closing Wednesday 24 April 2024 at 3pm AEST (if not sold prior).

Please contact the exclusively appointed team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,733 SQM
Building Area
544 SQM

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