Burgess Rawson are pleased to offer to the market Caltex Crestmead located at 522-524 Green Road, Crestmead (Brisbane) QLD for sale via Portfolio Auction 176.
The property has the following investment highlights:
+ Twelve (12) year head office net lease to Chevron to 2034 plus four (4) further five (5) year options to 2054
+ Chevron Corporation (NYSE: CVX): NYSE listed blue-chip fuel and convenience retailer with 19,550 sites globally and a market cap of $438 billion AUD (world's 39th largest company)
+ Caltex Australia: a subsidiary of Chevron Corporation with over 360 convenience retail sites nationally and growing
+ Constructed in July 2022, providing significant depreciation benefits
+ Highly sought-after annual rental increase to the greater of CPI or fixed 3%, ensuring consistent rental growth
+ Tenant responsible for all usual outgoings excluding land tax
+ High profile 2,202sqm* freehold corner site improved with an immaculately constructed freestanding state-of-the-art 260sqm* NLA convenience retail store, complemented by an additional 240sqm* canopy
+ Strategically located within Brisbane's premier logistics hub, the $1.5 billion Crestmead Logistics Estate, offering unrivalled access to major freight routes and key transport corridors
+ Crestmead Logistics Estate: nine-stage, 175 hectare industrial development anchored by Australia's leading logistics operators including Bunnings, Visy, Toyota, Pet Circle, Culture Kings, Phoenix Transport, KAB Seating & Q Automotive Group
+ Perfectly located within high growth corridor with 90,978 residents* & 46,753 motor vehicles* within a 5km* radius, ensuring the strong trade of the tenant
+ Logan City: second fasted growing LGA in Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works including $75 million in Q1 2025
+ Net Income: $336,730 pa + GST (as at July 2025)
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 15 May 2025
Brisbane
