Seven supermarkets across Australia for sale with aisles of opportunity
The humble supermarket may not look like a financial powerhouse, but it’s the pulse of a modern community – and a weekly staple offering fluorescent lights, familiar aisles and specials galore.
Retail asset classes, specifically supermarkets, involve long-term leases as the norm, often attracting strong ASX-listed national operators to well-located sites with high foot traffic, in turn offering security and long-term growth potential.
Check out (excuse the pun) these supermarket opportunities for sale across the nation to help you throw your hat into the supermarket ring.
Coles, Manly, Sydney, NSW
In the heart of Sydney’s Manly – just a 40-minute ferry ride from the CBD – a Coles Local supermarket and adjoining buildings are being offered for sale for the first time in four decades. It’s a tightly held location known for its limited supply and high barriers to entry.
The 2464-square-metre retail asset stretches for 45 metres at number 8-28 on the iconic pedestrian thoroughfare The Corso, only 200 metres from Manly Wharf and 400 metres from the internationally renowned beach.
Anchored by ASX-listed Coles Group, the property also includes tenants NAB and a federal government MP’s office, with eight basement car parks included.
Coles occupies the site on a secure 10-year lease, with a potential rental uplift in 2025. The weighted average lease expiry (WALE) stands at 6.7 years by area, and the property is 100 per cent occupied.
Located in a high-income catchment area, the investment opportunity also benefits from substantial foot traffic in a key tourist hub, attracting about 1.8 million visitors each year.
Coles, North Perth, WA
This full-line Coles supermarket is the closest large supermarket to Perth’s CBD, just 2.5 kilometres away, and has served the community for nearly five decades, since the centre was built in 1978.
Coles North Perth Plaza, located at 3/391 Fitzgerald Street, North Perth, sits in a vibrant inner-urban retail and dining precinct.
Coles, the anchor tenant, generates more than $763,000 in net income annually, and the property is leased until May 2028 with four 10-year renewal options. The fully occupied centre boasts 20 strata-titled specialty stores and a large on-site parking area.
The supermarket’s floor area covers 2727 square metres on a 3992-square-metre land parcel.
Woolworths, Golden Grove, Adelaide, SA
A modern single-level neighbourhood shopping centre with a full-line Woolworths supermarket as the anchor tenant has hit the market about 22 kilometres north-east of Adelaide’s CBD.
The 2015-built Stables Shopping Centre at 1495 Golden Grove Road, Golden Grove, offers a secure long-term investment in a growing suburban location, according to the listing.
Spanning 2.06 hectares of land, the customer-focused building offers between 5000 and 6000 square metres of retail space centred around convenient shopping. There are also 260 car parking spaces.
The large full-line Woolworths supermarket also includes a BWS liquor outlet. The centre boasts a medical centre, a chemist, a dentist, allied medical services, a hairdressing salon, and several food outlets.
IGA, Coburg, Melbourne, VIC
This IGA supermarket sits in Coburg, just eight kilometres from Melbourne’s CBD, and occupies a high-profile ground-floor position within the award-winning The Nicholson development of 199 apartments.
The property features expansive frontage at 8-12 Nicholson Street, between Moreland Road and Moore Street, with exposure to about 22,000 cars each day.
Key highlights include a secure lease to 2027 with fixed annual increases, three six-year options, and minimal land tax. It is an entry-level investment opportunity in a tightly held asset class with substantial daily traffic in a prime location.
Woolworths, Logan Reserve, Brisbane, QLD
A brand new fully leased Woolworths-anchored neighbourhood shopping centre, just 45 kilometres south of Brisbane’s CBD, is for sale in time for the 2032 Olympics boom.
Logan Reserve Shopping Village only opened a year ago in one of Queensland’s fastest-growing regions, and has set its tone as a high performer, according to the listing.
Located at 450–458 Chambers Flat Road, Logan Reserve – an area poised for rapid population growth – the centre contains the only full-line supermarket servicing the main trade area. Woolworths is on a secure 10-year lease and occupies 68 per cent of the 5917-square-metre lettable area.
Other tenants, all subject to an average annual increase of 3.9 per cent, include BWS, Domino’s, Cignall, medical suites, a pharmacy and Anytime Fitness.
The investment offers a strong 7.9-year WALE by income and generates $2.52 million net annually, plus GST.
Woolworths, Nowra, NSW
Why buy just a supermarket when you can get an arcade, too?
Woolworths Nowra plus BWS has hit the market, along with Shoalhaven Arcade, which comprises six retail tenancies.
Listing agency Savills Sydney say it’s “a rare opportunity to acquire a free-standing supermarket under a sought-after net lease, together with the adjoining Shoalhaven Arcade.”
Collectively, the properties cover 4152 square metres. There’s a council car park for 242 vehicles.
IGA, Bruce, ACT
Located close to the University of Canberra campus and student accommodation, the 201-square-metre Bruce IGA is currently open to expressions of interest.
“This is a rare opportunity to acquire an entry-level supermarket investment located in a precinct renowned for students, healthcare professionals and government workforce,” says the listing agency CBRE Canberra.
It adds that the property offers a “passing net income of $346,112 per annum with four per cent fixed annual increases”.
