Strategic Metro Adelaide Convenience Retail | New 10 Year Lease to 2035

Description

Burgess Rawson in conjunction with Leedwell Property are pleased to offer Caltex (Chevron) located at 606 Marion Road, Park Holme (Adelaide) SA for sale via National Portfolio Auction 177.

The property has the following key investment highlights:

+ New Ten (10) Year lease to 2035 plus Two further (5) Year options to 2045.
+ Chevron Australia a subsidiary of Chevron Corporation (NYSE: CVX): the 52nd largest company in the world with a market cap of $364 billion. (1)
+ Caltex Australia: an Australian household name subsidiary of Chevron Corporation with over 360+ convenience retail sites nationally and growing.
+ Landlord favourable, set-and-forget lease structure with tenant responsible for usual outgoings including rates and land tax.
+ Tenant pays full year annual rent in advance, a significant upside to the Landlord
+ Fixed, compounding 3% annual rent increases ensuring continued income growth.
+ New construction built in 2015, offering significant depreciation potential of up to 67.5% of year 1 rent.
+ Prime 2,015 sqm* freehold corner site featuring 87m* frontage and exposure to 43,400* passing cars daily via major Adelaide arterial, Marion Road. (5)
+ Park Holme: booming inner metro suburb located 6.5km* from the Adelaide CBD with median house prices up 14% this year to $916,500. (2)
+ City of Marion: city south-west of Adelaide CBD with a population of 99,821 and annual economic output of $9.34B*. (3)
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
+ Stamp duty free investment.
+ Net Income: $338,900 pa* + GST

To be sold via Investment Portfolio Auction 177
10:30am AEST Wednesday 25 June 2025
River Room, Crown Casino, Melbourne

Burgess Rawson & Associates Victoria Pty Ltd – RLA 327401
Raoul Holderhead – 0413 860 304
David Napoleone – 0417 308 067
Jamie Perlinger – 0413 860 315

Leedwell Property | RLA 222531
Mitch Curnow – 0415 494 056
Andrew Zammit – 0417 814 398

* Approx
(1) Companiesmarketcap.com
(2) Realestate.com.au
(3) Profile.id
(4) Commsec State of States Report
(5) Gap Maps

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Contact agents
Raoul Holderhead Partner
0413 860 304
Jamie Perlinger Head of Agency | Partner
0413 860 315
Enquiry Form

Park Holme, SA

606-610 Marion Road

For Sale by Portfolio Auction
Wednesday 25th June 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 177

Price: Contact Agent

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