Burgess Rawson is pleased to offer to the market the Caltex located at 277 Gympie Road, Kedron QLD for sale via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Eighteen (18) year head office net lease to Chevron to July 2035 plus four (4) further ten (10) year options to 2075
+ Chevron Corporation (NYSE: CVX): major international energy company, with a market cap of $430 billion
+ Caltex Australia: a subsidiary of Chevron Corporation with over 360 convenience retail sites nationally and growing
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance, and land tax
+ Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation
+ Strong and certain rental growth with annual, fixed compounding 3% increases
+ High exposure 1,604sqm main road landholding underpinned by high underlying land value & favourable 'Neighbourhood Centre' zoning allowing for future development upside
+ Expansive frontage to key four lane arterial Gympie Road linking to the CBD with over 455,000* vehicles passing weekly
+ Exceptional inner city retail corridor with Westfield Chermside, Coles, ALDI, Bunnings, JB Hi-Fi, KFC, Starbucks, Toyota & Hungry Jack's all within 2km*
+ Strategically positioned within a booming metropolitan growth corridor with 92,600+ residents plus 53,963 motor vehicles within a 3km radius*, ensuring the strong trade of the tenant
+ The surrounding area benefits from essential social infrastructure including 29 schools servicing 18,830 + full-time students within a 3km radius*
+ Kedron: highly desirable inner-city suburb, only 6.5km* to the bustling Brisbane CBD. Median house price in Kedron has increased by over 21.6% in the last 12 months with household income over 26.2% higher than the state average
+ Brisbane City: the third largest city in Australia, with a population forecast to grow by 230% to 4.2 million residents by 2050
+ Estimated Net Income: $270,572 pa* + GST
For Sale via Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
