Eight supermarkets across Australia for sale with aisles of opportunity

However, 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 sweep.

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 spans 45 metres along the iconic pedestrian thoroughfare, at 8-28 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 approximately 1.8 million visitors annually.

Former Woolworths, Altona North, Melbourne, VIC

A former Woolworths supermarket building has hit the market for the first time in 25 years,  in a surging inner-western location 13 kilometres from Melbourne’s CBD.

Offering enormous potential for a range of retail operators to set up shop or reposition, the expansive, self-contained 1871 square metre building – at 39 Borrack Square, Altona North – incorporates a rear loading dock, cool rooms, amenities and offices.

The property – adjacent to Chemist Warehouse, Australia Post, a hotel and a primary school –  is being offered for sale by a private owner as vacant possession.

Investors can expect capital appreciation due to a locale experiencing rapid growth, with major government infrastructure spending, the listing says.

IGA, Rosanna, Melbourne, VIC

A land-rich supermarket investment occupied by an IGA Supermarket & Liquor has hit the market on behalf of a private vendor whose family has held it for 40 years.

The Rossana Village IGA promises significant upside at 90-94 Lower Plenty Road, 17 kilometres north-east of Melbourne’s CBD. A price of $3 million-plus is expected.

The property includes the 540 square metre main building with a valuable licensed Tattslotto outlet, a loading dock, a landholding of 737 square metres with rear access, an expansive street frontage of 16.4 metres, and on-site parking for up to seven cars.

Close to the revamped Rosanna train station, village neighbours include Chemist Warehouse, Australia Post, Bakers Delight and Jetts Fitness.

Rosanna Village is set to benefit from increased shoppers due to the arrival of nearby high-density residential developments. The site also boasts major future redevelopment potential (STCA) thanks to its strategic commercial zoning.

Woolworths, Maleny, Sunshine Coast, QLD

A fully-leased Woolworths tucked into the Sunshine Coast hinterland at Maleny has hit the market.

The rare investment has recently undergone $4 million in refurbishments and is one of only three free-standing Woolworths in the state.

Leased to ASX-listed Woolworths Group until 2031 with options until 2056, the property brings in more than $700,000 annually plus GST, with turnover rent providing strong income growth potential, according to the listing.

The site, at 2 Bunya Street, spans 5225 square metres, including 109 car parks, with the shop floor sprawled across 2038 square metres.

The region is considered to be growing fast, with $50 million invested in nearby residential developments, and the Sunshine Coast population is forecast to exceed 570,000 people by 2046.

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 at 3/391 Fitzgerald Street, North Perth, is 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 square metres and 6000 square metres of retail space centred around convenient shopping. There are 260 car parking spaces as well.

The large full-line Woolworths supermarket also includes a BWS liquor outlet. The centre boasts a medical centre, chemist, dentist, allied medical services, hairdressing and several food outlets.

IGA, Coburg, Melbourne, VIC

This 100-per-cent leased IGA supermarket is just eight kilometres from Melbourne’s CBD, occupying a high-profile ground floor position within the award-winning The Nicholson development in Coburg, consisting of 199 residential units. 

The property features expansive frontage at 8-12 Nicholson Street, between Moreland Road and Moore Street, with exposure to approximately 22,000 cars daily.

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 has 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 3.9 per cent average annual increases, include BWS, Domino’s, Cignall, medical, pharmacy, and Anytime Fitness.