Burgess Rawson under instruction from KordaMentha (Receivers & Managers Appointed) is pleased to offer to the market the 7-Eleven & 2 Shops including drive thru investment located at 720 Sunbury Road, Sunbury VIC, for sale via Expressions of Interest.
The property has the following investment highlights:
+ Brand new Fifteen (15) year net lease to 2038 to 7-Eleven, plus four (4) further Five (5) year options to 2058
+ 7-Eleven: Australia's #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC with 46,000 sites globally (1)
+ Strategic location on a prime arterial to Melbourne Airport & CBD in the heart of a thriving residential growth corridor, with over 6,000 new homes planned
within a 2km radius.
+ Premium 4,330sqm* freehold landholding with important 44 metre* frontage
+ Exposure to 154,000+ vehicles passing per week. (2)
+ Includes two retail shops plus drive thru, with 12 months rental Guarantee
+ Attractive, compounding fixed 3% annual rent reviews (7-Eleven) ensuring long term income growth
+ Landlord-favourable net lease terms, with tenant responsible for all usual outgoings excluding land tax
+ Brand new 2023 construction, offering significant depreciation benefits.
+ Sunbury's average number of vehicles per household is 1.91, well above the national average of 1.75. (2)
+ Sunbury: booming growth location, 34km* north of Melbourne CBD with population forecast to grow 138% to 101,065 by 2041. (3)
+ Hume City Council: one of Australia's fastest-growing communities with a GRP of $18.28 billion. (4)
+ Fully Leased Income: $480,000pa* + GST (includes rental guarantee)
For Sale by Expressions of Interest
Closing 3pm AEST Tuesday 1 October 2024
(1) 7-Eleven
(2) Gapmaps
(3) Forecast ID
(4) REMPLAN
