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

Enquire

Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Geoff Sinclair Director
0451 462 759
Enquiry Form

Lismore, NSW

135 Union Street

For Sale by Portfolio Auction
Tuesday 6th August 10:30AM Yallamundi Rooms, Sydney Opera House

This property is part of Portfolio 170

Price: Contact Agent

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