Burgess Rawson is pleased to offer to the market the Caltex located at 86 Murphy Road, Geebung QLD for sale via our Investment Auction Portfolio 172.
This opportunity has the following key investment highlights
+ Fifteen (15) year head office net lease to Chevron to 2034 plus four (4) further five (5) year options to 2054
+ 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, management and land tax
+ Strong and certain rental growth with annual, fixed compounding 3% increases
+ Significant capital refurbishment in 2019 including new fuel infrastructure (double walled fiberglass tanks, pumps and polyethylene fuel lines), canopy, forecourt and signage providing substantial depreciation benefits
+ Prime 1,932sqm* freehold corner site on the busy intersection of Robinson Road West and Murphy Road, providing exposure to 45,000+ vehicles passing daily*
+ The surrounding area benefits from essential social infrastructure including 20 schools servicing 11,320 + full-time students within a 3km radius*
+ Geebung: exclusive metropolitan Brisbane suburb located 11km* from the Brisbane CBD with median house price growth of 19.9% over the last 12 months
+ Brisbane City: the third largest city in Australia, with a population forecast to grow by 230% to 4.2 million residents by 2050*
+ Net Income: $316,424 pa* + GST (as at January 2025)
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
