Burgess Rawson is pleased to offer to the market 7-Eleven Metford NSW for sale via Private Treaty.
The property has the following investment highlights:
+ 12 year lease to 2033 plus options to 2053
+ 7-Eleven: Australia's #1 convenience retailer with over 720 stores and accounting for approximately 38% market share
+ Fixed 3% annual rent increases ensuring long term compounding rental growth
+ Tenant pays all usual outgoings as per the lease
+ Newly built in 2021 providing for substantial depreciation benefits
+ Modern fuel infrastructure with double walled fibreglass tanks
+ Ideal 1,803 sqm* landholding with direct exposure and 60m of frontage to Metford Road, ideally located 400m from New England Highway which experiences 38,358+**** vehicles passing daily
+ 500 metres* from the new Maitland Hospital and between two roundabouts
+ Strategic retail position located within the Metford Business Development Precinct near the new 339 bed Maitland Hospital, Stockland Green Hills Shopping Centre, Aldi, McDonald's, and Supercheap Auto. Maitland Hospital was relocated to this new state-of-the-art $470 million hospital development that was completed in January 2022****
+ High exposure location on Metford Road with over 20,000+ cars passing daily
+ Metford: suburb of Maitland with a greater population forecast to grow 61% by 2041**
+ Maitland (Hunter Valley) produces an economic output of $10.9m and its largest industries by employment are Healthcare and Social Assistance (16.4%), Retail Trade (12.3%) & Construction (11.5%)**
+ Net Income: $355,136 pa* + GST***
For Sale via Private Treaty.
Please contact the exclusively appointed sales team for more information.
*Approximate
**City of Maitland Annual Report 2022
***as at 10 February 2024
****NSW Health
*****Gapmaps
