Brand New Convenience Retail Investment with 15 Year Lease to Chevron/Caltex Australia

Burgess Rawson is pleased to offer to the market, 93-107 Dalrymple Road, Garbutt (Townsville) QLD for sale via our Auction Investment Portfolio 157.

The property has the following investment highlights:

+ Anchored by a brand new 15 year net lease to Chevron Australia Pty Ltd until 2037 plus options to 2057
+ Chevron Australia: a subsidiary of the Chevron Corporation, one of the world’s leading integrated energy companies, with a market cap of $257 billion and over 360 sites nationally
+ Supported by a brand new 7 year lease to Noodle Box until 2029
+ Noodle Box: Australia’s number one multinational stir-fried noodle, quick service restaurant chain, with over 80 restaurants across Australia
+ Further supported by a brand new 5 year lease to TSG until 2027 with option to 2032
+ TSG: Australia’s leading specialist tobacconist channel, represented by over 500 franchised stores
+ Large 3,617sqm* site with a commanding corner position on Woolcock Street and Dalrymple Road with outstanding access and direct exposure to 63,700 vehicles passing daily
+ Investor preferred net lease structure with Chevron paying all outgoings including land tax
+ Construction completed November 2022, allowing for significant tax depreciation benefits
+ Outstanding fixed rental increases – minimum 2.5%
+ Positioned in the heart of Townsville’s Industry and Retail mecca of Garbutt, surrounded by national tenants including McDonald’s, Dan Murphy’s, Coates Hire, Bridgestone, Dulux, Nick Scali, KFC, Repco and Chemist Warehouse
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow by 54% by 2041
+ Net Income: $381,200 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Thursday 8 December 2022
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.