Metro Brisbane 7-Eleven & Fast Food Investment | High Exposure 2,378sqm* Landholding

Description

CBRE is pleased to offer to the market 7-Eleven and Hammerich’s Coffee (The Coffee Club) Everton Hills, located at 1001-1003 South Pine Road, Everton Hills (Brisbane) QLD 4053 for sale via Private Treaty.

The opportunity has the following investment highlights:

+ Long fifteen (15) year net lease to 7-Eleven to 2032, with one (1) further seven (7) year option and two (2) further five (5) year options to 2049
+ Anchored by 7-Eleven, Australia’s leading convenience brand with over 760 stores nationally, recently acquired for $1.71 billion by 7-Eleven International LLC
+ Seven & I Holdings: Tokyo-based global retail giant, parent company of 7-Eleven, 84,000 stores worldwide, market cap of $53.2 billion AUD (5.2 tn JPY)
+ Supported by a standalone drive-thru Hammerich’s Coffee under a head lease to The Coffee Club, a large home-grown Australian café chain with 400+ locations worldwide. Hammerich’s Coffee is a Queensland-based chain with five new locations.
+ Fixed, compounding 3% and 4% annual reviews across both leases
+ Both tenancies operate under net leases with tenants responsible for all usual outgoings as per the lease, including management fees
+ Expansive 2,378sqm* site with 86.6m* of frontage to South Pine Road, a major arterial that connects the northern suburbs of Brisbane to the CBD
+ 81,467* motor vehicles and a $135.9 million spending on fuel pa* within a 5km* radius, underpinning the tenants strong trade
+ Within the Everton Hills industrial precinct & and 1km* from Arana Hills Plaza, anchored by Kmart, Coles, Aldi, Hungry Jacks, Guzman Y Gomez & supported by 23 specialty retailers
+ Everton Hills: highly sought after metro suburb 8km* from the Brisbane CBD with median house price standing at approximately $1,145,000, reflecting an annual capital growth of 15.5%
+ Brisbane: home of the 2032 Olympics and the third largest city in Australia, with a population forecast to grow 28.04% to $3.288 million residents by 2035
+ Net Income: $548,205 pa* + GST

To be sold by Private Treaty.

Please contact the exclusively appointed sales team for more information.

*Approx

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Contact agents
Josh Scapolan Associate Director
+61 484 229 829
Yosh Mendis Senior Director
0434 413 188
Tom Lawrence Senior Negotiator
+61 428 626 117
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Everton Hills, QLD

1001-1003 South Pine Road

For Sale by Portfolio Auction
Thursday 26th February 10:30AM Level 3, 1 Eagle St, Brisbane

This property is part of Portfolio 182

Price: Contact Agent

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