Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australias #1 convenience retailer with over 700 stores and approximately 38% market share.
Trophy 1,263 sqm* site with proposed 6-level future building height under the Mawson Group Centre Plan.
Prime location surrounded by Athllon Drive, Mawson Rapid Bus Terminal and Park and Ride and Mawson Southlands Shopping Centre (anchored by Woolworths).
Busy convenience retail location with Marist College, Melrose High School, Torrens Primary School, Mawson District Playing Fields, Mawson Neighbourhood Oval and 1086 car spaces** within 700 metres.
Less than 1km from Melrose Drive car dealership precinct including Audi, Skoda, Hyundai, Mazda, Volkswagen, Honda, Toyota, Ford and more.
High growth location with forecast 55% population increase by 2058***.
Estimated net rent: $218,998 pa*.
To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at AuctionWorks, 50 Margaret Street, Sydney from 10.30am AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.
**Mawson Group Centre Plan
***Treasury ACT & ABS
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
