Freestanding Petbarn Investment – Renewed Lease to Longstanding National Tenant
Lot 1, 104 Worrigee Street, Nowra NSW
Property Highlights
Description
Burgess Rawson is pleased to offer to the market Petbarn Nowra NSW for sale via Private Treaty.
The property has the following key investment highlights:
+ Renewed lease to longstanding tenant to 2030 plus options to 2045
+ Petbarn: national network of 140+ locations, owned by Greencross Vets, subsidiary or NASDAQ listed TPG Capital, Australian Super and Ontario Pension Plan
+ Lease guaranteed by Greencross Limited, Australia’s largest vet services business with over 160 clinics
+ Attractive CPI annual rent reviews
+ Substantial 2,540sqm corner landholding improved by a 651sqm* building with ample on-site parking
+ Commanding position next to Officeworks, 7-Eleven, Carls Jr., Guzman y Gomez, McDonald’s, Autobarn and across from Nowra Plaza Shopping Centre
+ Nowra: Booming South Coast location with a Shoalhaven region population of 142,936+ expected to surge 30% by 2051
+ Net Income: $155,250 pa* + GST
To be sold via Private Treaty.
Please contact the exclusively appointed sales team for more information.
*Approx.
Property Details