Prized Richmond Convenience Retail – Leased to Global Giant
Description
CBRE is pleased to offer to market ‘7-Eleven’ Richmond VIC for sale via National Investment Portfolio Auction 183.
The property has the following key investment highlights:
+ Five (5) Year lease to December 2029 plus One (1) further Five (5) Year option to December 2034.
+ IMPORTANT: 7-Eleven owns, maintains, repairs, and replaces all fuel tanks, equipment and is also responsible for site remediation.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings (excluding land tax) as per the lease.
+ Rare 807sqm* freehold site, with 22m* frontage to Church Street servicing 13,500+ vehicles passing daily.(2)
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC, operating 48,000+ sites globally.(3)
+ Proven and successful location with 7-Eleven operating on-site since 1999.
+ Fixed, compounding 3.5% annual rent increases ensuring continued income growth.
+ Well-presented 179sqm* convenience retail store built in line with 7-Eleven’s latest corporate layout and design.
+ Centrally located between key Richmond arterials Victoria Street and Bridge Road connecting Richmond to the CBD, servicing a combined 38,000 vehicles passing daily.(2)
+ Approximately 1,250 residents living in Government funded social housing with direct access to the site.
+ Key development and residential catchment: over 2,750 new apartments recently built and/or under construction within a 2km* radius, providing immediate population growth to the area.(4)
+ Surrounded by major social infrastructure including the MCG, the Epworth Hospital, AAMI Stadium and Victoria Gardens Shopping Centre and 31 schools within a 3km* radius servicing 11,699 full time students.(2)
+ 57,542 registered vehicles and total $131 million spending on fuel per annum within 3 kilometre radius.(2)
+ Richmond: a vibrant city fringe suburb located just 3km* east of Melbourne’s CBD with a median house price of $1.38million (5) and population forecast to grow over 35% to 47,912 residents by 2046.(6)
+ City of Yarra: Spanning just under 20km2, the municipality produces $37.3 billion in economic output (10.3% of inner Metro Melbourne output)(7), with population forecast to grow over 35% to 136,983 residents by 2046.(6)
+ Net Income: $179,400 pa* + GST
For Sale via Investment Portfolio Auction 183
10:30am AEDT Wednesday 1 April 2026
Garden Room, Crown Casino, Melbourne
*Approx
(2) Gapmaps
(3) 7-Eleven
(4) apartments.com.au
(5) realestate.com.au
(6) forecast.id
(7) REMPlan
Enquire
Contact agents
Jamie Perlinger Senior Director
0413 860 315
David Napoleone Associate Director
0417 308 067Enquiry Form
Richmond, VIC
86 Church Street
For Sale by Portfolio Auction
This property is part of Portfolio 183
Price: Contact Agent
Contact agents
-
Jamie Perlinger Senior Director
0413 860 315 -
David Napoleone Associate Director
0417 308 067