Burgess Rawson is pleased to offer to market Napa Auto Parts located at 35 Production Avenue, Warana (Sunshine Coast) QLD for sale via our Investment Auction Portfolio 158.
The property has the following investment highlights:
+ Brand new seven (7) year lease to NAPA Auto Parts to 2030 plus two (2) further five (5) year options to 2040
+ Investor preferred net lease structure with the tenant paying all outgoings including land tax
+ Fixed 3% annual rent increases, guaranteeing rental growth
+ NAPA Auto Parts: part of the Genuine Parts Company, a global service organisation distributing automotive and industrial parts from a network of more than 10,000 locations with a market cap of $34.10 billion
+ Large 2,033sqm* site located centrally in the tightly held Warana industrial precinct with easy access to Nicklin and Kawana Way
+ Recent $300,000* fitout providing significant depreciation benefits
+ Expansive 927sqm* enclosed building area including warehouse and office plus 950sqm* of hardstand and over 32m* of direct frontage to Production Avenue
+ Medium Impact Industry zoning allowing for a multitude of future development options (STCA)
+ Warana: the Sunshine Coast's premier industrial precinct with historically low vacancies rates and minimal tenant turnover
+ Sunshine Coast: one of Australia's fastest growing regional areas with a population over 377,000 which is forecast to grow to by 33% to over 500,000 by 2041
+ Net Rent: $160,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 23 February 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
