Brand New Freestanding Fast Food & Convenience Retail Investment
Lot 2, 110 Worrigee Street, Nowra NSW
Property Highlights
Description
Burgess Rawson is pleased to offer to the market 7-Eleven, Carl’s Jr Nowra NSW for sale via Expressions of Interest.
This investment has the following key investment highlights:
+ New 12 year lease to 7-Eleven to 2035 plus options to 2055
+ 7-Eleven: Australia’s #1 convenience retailer recently purchased for $1.71 billion* by 7-Eleven International LLC with 46,000 sites globally
+ New 12 year lease to Carl’s Jr. to 2035 plus option to 2040
+ Carls Jr.: leading global fast food operator with 3,800+ stores globally
+ Compounding fixed 3% annual rent increases ensuring long term income growth
+ Prime 3,110sqm* corner landholding with over 78 metres* of frontage to Princes Highway providing exposure to over 74,000 vehicles passing daily
+ New 2023 construction allowing maximum depreciation benefits
+ Commanding position next to Officeworks, Petbarn, 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
+ Est. Net Income: $559,183 pa* + GST
For Sale by Expressions of Interest
Closing 3pm AEDT Wednesday 3 April 2024
Please contact the exclusively appointed sales team for more information
*Approx
Property Details