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264 Browns Plains Road
Browns Plains QLD 4118
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Sold on 15 Apr 2024

264 Browns Plains Road Browns Plains QLD 4118

  • Shop & Retail
  • 120 m²
  • Sold

7 ELEVEN BROWNS PLAINS HIGH PROFILE SERVICE STATION

  • Underpinned by a 15-year lease to 7/11
  • 2,776sqm* site with dominant exposure
  • Fixed increase of 3.50% to 4.00%

CBRE are pleased to present to market 7 Eleven Browns Plains.

- Securely tenanted by 7-Eleven: Australia's #1 convenience retailer with over 750 stores in Queensland, NSW, Victoria, Western Australia, and the ACT, accounting for 38%* of the market share.
- Anchored by a 15-year net lease with options to 2041 to 7 Eleven, and further supported by 'Superior Car Care' with options to 2029.
- Underpinned by a 6.6-year WALE (by income) and provides certain income growth via 3.50% and 4.00% fixed annual rental increases.
- Located 28km south of Brisbane, 7 Eleven Browns Plains occupies a high exposure 2,776sqm* site with a 62m* frontage to Browns Plains Road, carrying 63,500* cars weekly.
- Positioned 3km from Browns Plains Plaza a $400m major retail hub featuring the biggest household names in the Australian retail sector.
- Directly adjoining the rear of the property is a Chemist Warehouse and a convenience retail centre, providing additional visitation and access to the service station.
- Net income: $412,790 p.a. + GST

For Sale via Offers to Purchase.

CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold15 Apr 2024
Floor Area120 m²
Land Area2,776 m²
ParkingOn site parking available
Property ID2018575669
Category
Last updated  14 Apr 2024
Map for 264 Browns Plains Road Browns Plains QLD 4118
CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold15 Apr 2024
Floor Area120 m²
Land Area2,776 m²
ParkingOn site parking available
Property ID2018575669
Category
Last updated  14 Apr 2024

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More about 264 Browns Plains Road Browns Plains QLD 4118

264 Browns Plains Road Browns Plains QLD 4118 is categorized as Shop & Retail Property. It has a floor area of 120 m² and a land area of 2,776 m². The listing ID for this property is 2018575669.

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