High Yielding Blue-Chip Convenience Retail Investment Anchored by NYSE Global Giant

Description

Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 43 Queen Elizabeth Drive, Berserker QLD for sale Offers to Purchase.

This opportunity has the following key investment highlights:

+ Anchored by a fifteen (15) year net lease to Chevron to 2030 plus two (2) further five (5) year options to 2040
+ Chevron Corporation (NYSE: CVX): NYSE listed blue-chip fuel and convenience retailer with 19,550 sites globally and a market cap of $438 billion AUD
+ Supported by a six (6) year net lease Elite Real Estate secured with guarantees
+ Over 93% of income secured by Chevron Corporation
+ High profile 1,733sqm* freehold with triple street frontage and exposure to 20,000 vehicles passing daily*
+ Constructed in 2015, offering modern infrastructure and substantial depreciation benefits
+ Highly sought-after lease structure with tenants responsible for all outgoings, including land tax and management fees
+ Attractive CPI & CPI +1% annual reviews
+ Strategically positioned only 900m* to the Rockhampton CBD, surrounded by high profile occupiers including Woolworths, Target, JB-Hi-Fi, McDonald’s, KFC, Hungry Jack’s & Red Rooster
+ Rockhampton: a diverse and thriving $5.12 billion* economy with a population of 85,000 people & globally recognised as the ‘Beef Capital of Australia’
+ Net Income: $421,820 pa* + GST

For Sale via Offers to Purchase.

Please contact the exclusively appointed team for more information.

*Approx.

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Contact agents
Neville Smith Partner
0400 068 205
Enquiry Form

Berserker, QLD

43 Queen Elizabeth Drive

For Sale

This property is part of Portfolio 167

Price: Contact Agent

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