BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Prized Inner Metro Perth Caltex Leased to Energy Giant Chevron \nCBRE in conjunction with Stirling Property are pleased to offer to the market 398 Hector Street (and Flinders Street)\, Yokine (Perth) WA for sa le via National Investment Portfolio Auction 184. \n\nThe propert y has the following key highlights:\n\n+ Leased to Chevron Australia Down stream Pty Ltd\, formerly known as Puma Energy (Australia) Retail Pty Ltd \n+ Chevron Australia Downstream Pty Ltd is a wholly owned subsidiary o f Chevron Corporation\, operate 360 convenience retail sites nationally ( 1)\n+ Fifteen (15) year net lease to 2034\n+ Chevron Corporation (NYSE: C VX): NYSE listed blue-chip fuel and convenience retailer with 19\,550 sit es globally and a market cap of $375 billion USD (1)\n+ Strong history of performance and long on-site tenure operating 24/7\n+ Landlord-favourabl e\, net lease structure with tenant responsible for all usual outgoings i ncluding rates\, insurance\, and land tax with no caps\n+ Annual CPI incr eases\, with a ratchet clause meaning rent doesn't decrease\, ensuring co nsistent and compounding income growth\n+ Market rent review in March 202 9\, in favour of the Landlord\, including a ratchet clause \n+ Substantia l 2\,177sqm* landholding comprising fuel & convenience as well as a mecha nic (sublease to Chevron)\n+ Dominant 93 metre* dual frontage to Hector S treet and Flinders Street with three (3) crossovers and access to both di rections of traffic \n+ Exposure to more than 20\,000 vehicles passing w eekly (91% light vehicles) (2)\n+ Development upside owing to its inner c ity location \n+ Yokine: metro suburb only 5.3km* north of Perth CBD with median house prices up 21.4% over past 12 months to $1.22 million (3)\n+ City of Sterling: the largest LGA in Western Australia by population (24 9\,872*)\, the municipality supports over 88\,000* jobs and generates an annual economic output of $40.63 billion (4)\n+ Net Income: $379\,686 pa + GST (5)\n\nFor Sale via National Investment Portfolio Auction 184:\n10: 30am (AEST) Wednesday 12 May 2026\nCrown Casino\, Melbourne \n\nCBRE \nLa chlan Andrew 0426 890 080\nBeau Coulter 0413 839 898\n\nSterling Property \nJack Bradshaw 0439 095 336\n\n\n\n1. Chevron/Caltex\n2. GapMaps \n3. R EIWA \n4. RemPlan\n5. As at March 2026 DTEND:20260513T113000 DTSTAMP:20260416T052509Z DTSTART:20260513T103000 LOCATION:Crown Casino - Garden Room - Melbourne SEQUENCE:0 SUMMARY:Auction: 398 Hector Street\, Yokine WA UID:CRE-2020766380-Auction X-ALT-DESC;FMTTYPE=text/html:< title>

Prized Inner Metro Perth Caltex Lea sed to Energy Giant Chevron
CBRE in conjunction with Stirling Prope rty are pleased to offer to the market 398 Hector Street (and Flinders St reet)\, Yokine (Perth) WA for sale via National Investment Portfolio Auct ion 184.

The property has the following key highlig hts:

+ Leased to Chevron Australia Downstream Pty Ltd\, form erly known as Puma Energy (Australia) Retail Pty Ltd
+ Chevron Au stralia Downstream Pty Ltd is a wholly owned subsidiary of Chevron Corpor ation\, operate 360 convenience retail sites nationally (1)
+ Fifte en (15) year net lease to 2034
+ Chevron Corporation (NYSE: CVX): N YSE listed blue-chip fuel and convenience retailer with 19\,550 sites glo bally and a market cap of $375 billion USD (1)
+ Strong history of performance and long on-site tenure operating 24/7
+ Landlord-favou rable\, net lease structure with tenant responsible for all usual outgoin gs including rates\, insurance\, and land tax with no caps
+ Annual CPI increases\, with a ratchet clause meaning rent doesn't decrease\, en suring consistent and compounding income growth
+ Market rent revie w in March 2029\, in favour of the Landlord\, including a ratchet clause
+ Substantial 2\,177sqm* landholding comprising fuel & convenience as well as a mechanic (sublease to Chevron)
+ Dominant 93 metre* d ual frontage to Hector Street and Flinders Street with three (3) crossove rs and access to both directions of traffic
+ Exposure to more th an 20\,000 vehicles passing weekly (91% light vehicles) (2)
+ Devel opment upside owing to its inner city location
+ Yokine: metro sub urb only 5.3km* north of Perth CBD with median house prices up 21.4% over past 12 months to $1.22 million (3)
+ City of Sterling: the larges t LGA in Western Australia by population (249\,872*)\, the municipality s upports over 88\,000* jobs and generates an annual economic output of $40 .63 billion (4)
+ Net Income: $379\,686 pa + GST (5)

F or Sale via National Investment Portfolio Auction 184:
10:30am (AES T) Wednesday 12 May 2026
Crown Casino\, Melbourne

CBR E
Lachlan Andrew 0426 890 080
Beau Coulter 0413 839 898

Sterling Property
Jack Bradshaw 0439 095 336

1. Chevron/Caltex
2. GapMaps
3. REIWA
4. RemPlan
5. As at March 2026

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