Burgess Rawson are pleased to offer the fully leased TJM 4x4 freehold investment located at 126 Dandenong Road West, Frankston VIC for sale via Expressions of Interest closing 3pm Thursday 4 July 2024.
Investment highlights include:
+ New ten (10) year lease through to 2033 plus one (1) further five (5) year option through to 2038.
+ TJM 4x4: Circa 100 locations across Australia (1), wholly owned subsidiary of Eastern Polymer Group (BBK:EPG), TH-listed giant with a market cap of $773m*. (2)
+ Minimal management investment, investor friendly net lease, with tenant paying all usual outgoings including single holding land tax.
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Recent showroom fit-out and upgrade carried out by the tenant to TJM's latest corporate layout and design.
+ Irreplaceable 1,900sqm* corner landholding providing 35 metres* of frontage and exposure to Dandenong Road West.
+ Strategic location within the premium automotive and large format retail showroom precinct which includes Ford, Toyota, Kia, Hyundai, Nissan, Subaru, Mitsubishi plus many more.
+ Within 400m* Frankston Freeway and Frankston-Dandenong Road on and off ramps, seeing a combined 84,000 vehicles passing daily. (3)
+ Frankston: Major commercial, retail, education and transport hub servicing the Mornington Peninsula, with a growing population forecast to increase 40% by 2041. (4)
+ Frankston is the gateway to the Mornington Peninsula: Tourism up 55% year-on-year with total domestic tourists reaching 8.23 million people. (5)
+ Net Income: $297,800 pa* + GST.
For Sale by Expressions of Interest
Closing 3pm (AEST) Thursday 4 July 2024
For further information please contact the agents directly
Available for individual sale or in one line:
4-8 Donald Avenue Return-It
+ New Three (3) year lease to 2026 plus option to 2028.
+ Tenant pays all outgoings including Land Tax.
+ Net Income: $97,850 pa* + GST.
*Approximately
(1) LinkedIn
(2) EPG
(3) GapMaps
(4) Forecast.id
(5) Mornington Peninsula Shire
