Brand New Freestanding 7-Eleven Investment - New 12 Year Lease to 2036
Description
Burgess Rawson & Colliers are pleased to offer to the market 7-Eleven South Lismore (Northern NSW) for sale via our Investment Auction Portfolio 170.
The property has the following investment highlights:
+ Brand new 12 year lease to 2036 + options to 2056
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC with 46,000 sites globally
+ Compounding fixed 3% annual rent reviews ensuring long term income growth
+ Tenant responsible for all usual outgoings as per the lease including property management
+ Brand new 2024 construction offering maximum depreciation benefits
+ Purpose built 7-Eleven with latest specification design
+ Prime roundabout 1,898 sqm* corner landholding with over 95m* of combined frontage to Elliot Road & Bruxner Highway
+ Ideal central location within close proximity to national tenants Woolworths, Aldi, Officeworks & Dan Murphy’s
+ South Lismore: strategic Northern Rivers Region location with population expected to grow by over 12% through 2041, located 40 km* to Byron Bay & 38 km* to Ballina Byron Airport
+ Net Income: $335,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information
*Approx
Do you own a similar property?
Enquire
Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188Geoff Sinclair Director
0451 462 759Enquiry Form
Lismore, NSW
135 Union Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 170
Contact agents
-
Yosh Mendis Head of Agency | Partner
0434 413 188 -
Geoff Sinclair Director
0451 462 759