Pacific Highway 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.
Prominent 2,362 sqm* corner site with 65 metre* frontage to the Pacific Highway retail corridor, also home to McDonald’s, KFC, Woolworths and ALDI, all within 1.5 km.
Other nearby amenities include Calvary Mater Hospital, CSIRO Energy Centre, University of Newcastle (23,000+ enrolments**), Mayfield West Public School, Waratah Station and the iconic Moly-Cop/Comsteel Waratah plant (600 employees***) all within 2 km.
NSW’s second largest city benefiting from significant Government investment and forecast 21% population growth by 2041****.
Estimated net rent: $147,182 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.

**University of Newcastle
***Newcastle Herald
****forecast.id
*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 817 696
Jamie Perlinger Head of Agency | Partner
0413 860 315
Kieran Bourke Partner
0417 418 007
Simon Staddon
0413 640 851
Zomart He Partner
0488 220 830
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Mayfield West, NSW

412-416 Maitland Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 134

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