Modern LFR Investment | Brand New 10 Year Lease to National Operator

Description

CBRE is pleased to present Choice The Discount Store Dalby, located at 44-48 Patrick Street, Dalby QLD 4405 for sale via Portfolio Auction 188.

This opportunity has the following investment highlights:

+ Brand new ten (10) year lease to Choice The Discount Store (Head Office) to 2036, plus one (1) further ten (10) year option to 2046
+ Choice The Discount Store: a well-established national retailer founded in 1996, operating a network of 85+ locations across Australia, following its recent acquisition of Cheap as Chips
+ Head office lease with highly desirable fixed, compounding 3.5% annual rental increases, allowing for guaranteed rental growth
+ Recent landlord-funded $1.35 million+ major capital refurbishments including brand new HVAC system & ducting, offering the incoming purchaser significant depreciation benefits
+ Landmark 2,679sqm* site with important 30 on-site car spaces, allowing for ease of access for customers
+ Well-presented and maintained 2,094sqm* building with important access to rear loading dock
+ Favourable ‘Major centre’ zoned site, the most flexible zoning in Dalby, supporting a broad range of retail, commercial, mixed-use, accommodation and residential development outcomes (STCA)
+ Located in a premier retail precinct, directly opposite Coles and 100m* from Dalby Shoppingworld, a major shopping centre anchored by Woolworths, Big W & supported by 40+ specialty retailers
+ Further supported by national brands including Aldi, McDonalds, KFC, Supercheap Auto and Hungry Jacks within the immediate area
+ 59.3m* of frontage to Patrick Street and close proximity to Bunya Highway and Warrego Highway, two major highways that carry a combined 150,000+ vehicles weekly* (1)
+ Located in an established residential catchment, with 10,600+ residents and 3,700+ dwellings within a 3km* radius, supported by a broader 35,000+ regional trade catchment, supporting the strong long-term trade of the tenant (1)
+ Dalby is set to benefit from the proposed $32 billion Western Downs Digital Park (STCA), one of Australia’s largest data centre developments, expected to create 1,400+ ongoing jobs in the region (2)
+ Dalby: centre of Australia’s richest agricultural region, underpinning a deep, diversified economy backed by a significant regional infrastructure investment pipeline
+ Located 84km from Toowoomba, Queensland’s 6th largest region by population, generating $15.14 billion in Gross Regional Product (GRP) (2)
+ Net Income: $481,069 pa* + GST

To be sold via Portfolio Auction
10:30am AEST Thursday 29 October 2026
Level 3, Waterfront Place, Brisbane City

Please contact the exclusively appointed sales team for more information.

(1) GapMaps
(2) Queensland Government

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Contact agents
Craig Chapman Senior Director
0427 110 132
Tom Lawrence Senior Negotiator
+61 428 626 117
Conor Dwyer Junior Sales Associate
+61 474 564 621
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Dalby, QLD

44-48 Patrick Street

For Sale by Portfolio Auction
Thursday 29th October 10:30AM Level 3, 1 Eagle St, Brisbane

This property is part of Portfolio 188

Price: Contact Agent

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