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Sunshine Coast 7-Eleven Investment

922 Nambour Connection Road , Nambour QLD

Property Highlights

12-year lease to 2032
Tenant pays all usual outs
Annual 3% rent increases
Register to Bid

Description

+ Secure 12-year net lease to 2032 plus options to 2052.
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share.*
+ Attractive net lease structure with 7-Eleven responsible for council rates, water rates, insurance and repairs and maintenance.
+ Fixed, annual compounding 3% rent increases.
+ Strategic 1,821sqm* corner site at busy intersection of arterials linking Nambour with Bruce Highway/M1.
+ Recent tenant investment, including retail upgrades and tank replacements.
+ IMPORTANT: 7-Eleven owns, maintains, repairs, and replaces all fuel tanks*, equipment plus site remediation.
+ Busy convenience retail, auto and trade precinct with Ultra Tune, Bob Jane T-Mart, Mitre 10, Mitsubishi, Nissan, Nambour Rugby Club, Showgrounds and the Department of Transport and Main Roads within 650m*.
+ Sunshine Coast: One of Queensland’s fastest growing regions, with population projected to grow 24% to 436,785 by 2031.***
+ Nambour regarded as the as administrative centre of the Sunshine Coast region with population forecast to increase 21% by 2031.******
+ Minimum management, essential service investment.
+ Net income: $255,052* pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 31 March 2022
The Hilton – Brisbane

*7-Eleven.com.au
**SCIBN
***QLD Gov
****Sunshine Coast Council
*****Realestate.com
******Gapmaps
*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
Occupancy Type
Fuel Station
Land Size
1,821 SQM
Building Area
1 SQM

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