1 Alma Road Dakabin QLD 4503

CBRE, in conjunction with JLL, are pleased to present to the market Dakabin Shopping Centre, a recently completed, thriving neighbourhood shopping centre located within South East Queensland's Northern growth corridor.

For Sale by Expressions of Interest closing Thursday 17th November at 4:00pm (AEST).

BULLETPROOF ANCHOR
Secured by a brand new 10-year lease to Woolworths Group (ASX:WOW) representing over 45%* of gross rental income.

ESSENTIAL SERVICES FOCUS
High exposure to non-discretionary and daily needs retailers, underpinning 86%* of centre GLA.

DESIGNED FOR ULTIMATE CONSUMER CONVENIENCE
Highly convenient at-grade car parking for 255 car bays and the latest format Woolworths Direct to Boot drive through provides exceptional convenience for daily needs focused customers.

STRATEGIC POSITIONING
Strategically positioned at the corner of Old Gympie Road and Alma Road, the Centre benefits from convenient access to the surrounding arterial road networks, including the Bruce Highway and Anzac Avenue.

INCOME SECURITY
Excellent income security via a 7.71-year WALE* (by income) with income growth supported by favourable specialty net lease structures with fixed annual reviews of 3.0% - 4.0%.

SIGNIFICANT DEPRECIATION BENEFITS
Purpose built by Woolworths Group in August 2020 to service the growing catchment, the Centre offers significant depreciation benefits. The proposed car park expansion extends the highly convenient offering of the Centre.

POPULATION GROWTH
Primary Trade Area (PTA) population of 10,087 (as at 2022) set to increase to 14,737 by 2036.

Fully Leased Net Operating Income $2,218,371 p.a.*

* Approximate
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