Newly Built Metro Brisbane Asset Anchored by Multinational Tenant
Long term secure 15 & 10 year net leases
WALE of 10+ years
Net Income $476,415 pa + GST
Cushman & Wakefields National Investment Sales team, in conjunction with JLL Metropolitan Retail Investments are pleased to present to the market 1266 Anzac Avenue, Kallangur QLD - a strong performing metropolitan Brisbane service station located within one of Queenslands most high-profile growth corridors.
The investment has the following key characteristics:
- Long term, secure 15 & 10 year net leases providing fixed 3% annual rent increases & a WALE of 10+ years - 77% of income derived from Freedom Fuels A wholly owned subsidiary of multinational giant Idemitsu Kosan Ltd, a Fortune 500 Company with market capitalisation of $873 Billion - Impressive as-new convenience retail asset built in 2019 offering significant depreciation benefits - Strategic homebound location with direct site access & exposure to 30,401* vehicles passing daily - Anzac Avenue - Busy retail carriageway home to KFC, McDonalds, Woolworths, Hungry Jacks & Supercheap Auto - Kallangur - 25 km north of the Brisbane CBD, part of the rapidly expanding Moreton Bay region, set to grow to 645,000+ people by 2036 - Passive Net lease structures with tenants paying all usual outgoings incl. Management Fees (excl. Land Tax) - Landlord friendly environmental provisions ensuring tenant is responsible for full site remediation - Net Income $476,415 pa + GST
For sale via Expressions of Interest closing Friday 30 April at 12 noon.
For more information please contact the property professionals.
