Blue-Chip Canberra 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.
Large, irreplaceable 3,378 sqm* site with combined, triple-street frontage of over 130 metres*.
Landmark site at one of the most important roundabouts in southern Canberra and the Erindale/Wanniassa town centre.
High-volume convenience retail location surrounded by McDonald’s, Erindale Vikings Club (8,000 athletes and players across 41 different sports and activities in 51 affiliated clubs), Erindale Bus Station, Erindale Shopping Centre (anchored by Woolworths with 382 car spaces, recently sold for $39 million**), Erindale Leisure Centre, Erindale Healthcare, Erindale Business Park, Saint Mary Mackillop College and Trinity Christian School all within 1.25 km.
Estimated net rent: $298,080 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.

**commo.com.au
*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
Zomart He Partner
0488 220 830
Guy Randell Managing Director ACT
0430 272 999
Steve Burke Associate Director - Sales & Leasing
0428 434 464
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Wanniassa, ACT

76 Gartside Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 134

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