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Trophy Convenience Retail Investment Leased to Market-Leading Fuel Operator

6 Minjungbal Drive , Tweed Heads NSW

Property Highlights

Brand new 12-year lease to 2034
Land Tax Recoverable
Annual 3% Rent Increases
Register to Bid

Description

+ Secure 12 year net lease to 2034 plus options to 2064.
+ United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 460 sites nationally.*
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance, single holding Land Tax and repairs and maintenance.
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ High profile 1,801 sqm site with 58 metres of frontage and exposure to Minjungbal Drive.
+ Minjungbal Drive, an important 4 lane arterial linking Tweed Heads CBD and the Pacific Motorway.
+ Dominant location between Tweed City Shopping Centre, home to Coles, Woolworths, Big W and Kmart, servicing 5.75 million customers annually, and South Tweed Sports centre with over 13,000 members.*****
+ Immediate proximity to several major car dealerships including Ford, Isuzu, Mazda, MG, Jeep and Toyota within 600m.
+ Surrounded by critical social infrastructure, including 17 schools within 3km servicing 4,900 full time students**
+ Tweed Shire: By 2031, population is forecast to grow by 22% to 120,000. ***
+ Tweed Valley Hospital Development: a $673 million Government funded project to deliver a new hospital with 430 beds, 42 treatments spaces and 12 operating theatres, with expected completion in 2023.****
+ Minimum management, essential service investment.
+ Net income: $210,000pa + GST.

To be sold by Investment Portfolio Auction: 
10:30am (AEST) Tuesday 22 February 2022
Opera House, Sydney

*United Petroleum
**Gapmaps
***Profile.id
****NSW.gov.au
*****Lendlease

*All areas and figures approx only. All boundaries are indicative only. 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

Listing
Sale
Current Tenant
Tenanted
Land Size
1,801 SQM
Building Area
1 SQM

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