Inner Melbourne 7-Eleven Freehold Investment
512 Pascoe Vale Road , Pascoe Vale VIC
Property Highlights
Description
Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australia’s #1 convenience retailer with over 700 stores and approximately 38% market share.
Prominent 3,273 sqm* corner site 10 km from Melbourne CBD on the city-bound side of Pascoe Vale Road.
Strategic convenience retail location with Pascoe Vale Station, McDonald’s, St Francis de Sales Primary School, Strathmore North Primary School, Red Rooster, Oak Park Aquatic Centre, Oak Park and Strathmore Football Clubs all within 1 km.
The last fuel site on Pascoe Vale Road before Citylink (500 metres south).
Extensive 94 metre frontage with 31,000 vehicles passing daily**.
Estimated net rent: $195,089 pa*.
To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at Crown Casino from 1:00pm AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.
**VicRoads
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property Details