Generational 7-Eleven Freehold Investment
Description
Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australia’s #1 convenience retailer with over 700 stores and approximately 38% market share.
Landmark 2,118 sqm* site on major Pacific Highway corner with over 60,000 vehicles passing daily**.
Commanding 108 metre* corner frontage (plus splay).
Gateway to tightly held Wahroonga Village Shopping Centre and Council car park (179 spaces***), one of Sydney’s strongest neighbourhood retail strips.
Blue-Chip location with Wahroonga Train Station, Australia Post, Commonwealth Bank, Westpac Bank, BWS, Neringah Hospital and Pacific Motorway all within 600 metres.
Site set to benefit from proposed major upgrades to the Pacific Highway/Redleaf Avenue intersection, including new traffic lights, turning lanes and pedestrian crossings**.
Affluent local demographic with household income 40% higher than the national average**** and median house price of $1.855 million*****.
Premier education precinct with Knox Grammar, Abbotsleigh School, Wahroonga Prep School, St Lucy’s School and Prouille Catholic Primary School (4,754 students combined) all within 500 metres.
Ku-Ring-Gai Council population is forecast to increase by 25% over the next 20 years***.
Estimated net rent: $116,904 pa*.
To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at AuctionWorks, 50 Margaret Street, Sydney from 10.30am AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.
**RMS
***Ku-Ring-Gai Council
****GapMaps
*****realestate.com.au
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
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Contact agents
Billy Holderhead Partner
0422 817 696Jamie Perlinger Head of Agency | Partner
0413 860 315Simon Staddon
0413 640 851Rhys Parker Partner
0451 101 042Zomart He Partner
0488 220 830Enquiry Form
Wahroonga, NSW
1579 Pacific Highway
- Sold Price: Contact Agent
This property was sold as part of Portfolio 134
Contact agents
-
Billy Holderhead Partner
0422 817 696 -
Jamie Perlinger Head of Agency | Partner
0413 860 315 -
Simon Staddon
0413 640 851 -
Rhys Parker Partner
0451 101 042 -
Zomart He Partner
0488 220 830