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
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Contact agents
Jamie Perlinger Senior Director
0413 860 315
David Napoleone Associate Director
0417 308 067Enquiry Form
Richmond, VIC
86 Church Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 183
Contact agents
-
Jamie Perlinger Senior Director
0413 860 315 -
David Napoleone Associate Director
0417 308 067