Land Rich 7-Eleven Freehold Investment
605 Boronia Road , Wantirna 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.
Strategic 6,480 sqm* homeward-bound site 200 metres from the junction of Mountain Highway, Wantirna Road and Boronia Road, with 33,000 vehicles passing daily**.
Strong retail and medical precinct surrounded by McDonald’s, KFC, Wantirna Mall (Ritchies IGA, Australia Post, Bendigo Bank), Knox Private Hospital and Medical Centre all within 400 metres.
Underutilised site including approximately 2,500 sqm of vacant commercial land.
Estimated net rent: $327,083 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