Brand New 7-Eleven - Rare 14 Year Lease to Australia’s #1 Convenience Retailer

Description

+ Brand new 14 year net lease from March 2022 to 2036 plus 2 further 7 year options to 2050.
+ Strong and certain income growth with annual, fixed compounding 3% increases.
+ Brand new freestanding convenience retail asset offering significant depreciation benefits – 88% of year 1 rent potentially tax deductible.**
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and 38% market share.***
+ Secure, set-and-forget net lease structure with 7-Eleven responsible for all outgoings except land tax.
+ Prominent 3,000sqm* corner land holding with combined 100 metres* of frontage and exposure.
+ Potential 50% stamp duty savings.
+ Extensive exposure to Goulburn Valley Highway, servicing 18,000* vehicles daily.****
+ Gateway location to Shepperton’s residential, retail and industrial/logistics growth corridor and directly opposite a proposed neighbourhood activity centre (Supermarket, hotel & retail shops).
+ Surrounded by important social infrastructure, including 10 education facilities within a 3km radius servicing over 7,400 full-time students.***
+ Strategically located within 600m of Visy, Toll, KFC, McDonald’s and Shepparton Sports City forecast to attract 50,000 visitors annually.*****
+ Greater Shepparton City Council: Major regional hub forecast to grow 17.51% by 2036.******
+ Shepparton: Major regional city with a 100,000+ trade catchment.
+ Minimum management, essential service investment.
+ Estimated Net Rent: $303,000 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino – River Room

*approx
** Mazo Pty Ltd – April 2022
***7-Eleven
****Gapmaps – April 2022
*****Shepparton Sports Stadium Future Direction Plan
******Forecast.id – April 2022

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Burgess Rawson Melbourne
Jamie Perlinger 0413 860 315
Raoul Holderhead 0413 860 304
Rick Jacobson 0413 830 083

Burgess Rawson Sydney
Yosh Mendis 0434 413 188

Gagliardi & Scott
Rocky Gagliardi 0407 826 542

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Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Rick Jacobson Sales Executive
0413 830 083
Raoul Holderhead Partner
0413 860 304
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Shepparton, VIC

228-238 Numurkah Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 152

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