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Strategic Gateway 7-Eleven Freehold Investment

922 Nambour Connection Road, Nambour QLD

Property Highlights

Brand new 12 year lease to 7-Eleven
Highly-exposed gateway site
Key arterial, 900m to Bruce Hwy

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 location at busy intersection of key arterials linking Nambour with the Bruce Highway/M1.
Highly-exposed 1,821 sqm* gateway site with 149 metres* combined street frontage.
Busy convenience retail, auto and trade precinct with Toyota, Nissan, Mitsubishi, Nambour Rugby League Club, Showgrounds, Ultra Tune and the Department of Transport and Main Roads all within 500 metres.
Recent tenant investment including retail upgrades and tank replacements.
Popular suburb 12 km west of Maroochydore CBD.
Sunshine Coast is enjoying continued population growth, forecast to increase by 21% (66,770 new residents) in the next 8 years**.
Estimated net rent: $236,690 pa*.

To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at Crown Casino in Melbourne from 12:00pm Brisbane time (1:00pm Melbourne time) on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.

**profile.id and Sunshine Coast Council
*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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
1,821 SQM
Building Area
345 SQM

Contact Agents

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