Stonebridge National Investment Sales is pleased to present '7-Eleven Cornubia (Brisbane)' for sale via Immediate Offers to Purchase.
The asset has the following key investment features:
- Brand new, rarely offered 15 year net lease to 7-Eleven and secure long WALE of 13.71 years with fixed 3% increases across all tenancies
- 7-Eleven Trophy convenience retailer across 720+ locations nationally
- Andonis Café & Bar and Golden Lor - two experienced multi-site operators on new 10 year leases to 2033 + options
- Commanding 4,063 sqm* corner site with 26 car parks and newly built improvements (constructed by Hutchinson Builders) offering significant depreciation benefits
- High profile position boasting 135m* of dual street frontage and direct access to major arterial Beenleigh Redland Bay Road (39,000+ vehicles daily), only 2km from Pacific Motorway M1 (132,000+ vehicles daily)
- Strategic site at gateway to Lendlease's $2.3 billion 'Shoreline' residential development at Redland Bay, expected to welcome 10,000+ new residents
- Prime location within key retail precinct and carriageway nearby Woolworths, Chemist Warehouse and Logan Hyperdome Shopping Centre
- Potential upside via vacant 850 sqm* parcel of land suited to additional retail development and expansion (STCA)
- Cornubia Only 31 km* to Brisbane CBD and within Southeast Queensland's fastest growing LGA in the booming Brisbane to Gold Coast corridor, over 43% population growth forecast by 2036
- Net leases tenants pay all usual outgoings as per leases
- Net Income $474,542 pa (+GST)
'7-Eleven Cornubia (Brisbane)' is for sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately