Stonebridge National Investment Sales is pleased to present to the market Shell Coles Express - 148-158 Bridge Street, Muswellbrook for Immediate Sale via Offers to Purchase
The asset has the follow key investment features:
10 year triple net lease to 2027 + 7 x 10 year options to 2097
Viva Energy Australia - ASX listed tenant providing one quarter of Australia's fuel requirements^, market capitalisation of ~ $4.0 Bn1
Convenience retail giant, Viva Energy network of 1,350+ service stations across Australia; including 700+ Shell Coles Express outlets^
Favourable triple net lease structure, with tenant responsible for all outgoings including land tax and statutory charges
Further provisions ensure tenant is responsible for all structural repairs, maintenance and replacement, including all fuel infrastructure
Prominent 4,499 sqm corner site comprising two individual lots, providing 61m* frontage to Bridge Street, the major thoroughfare linked to the New England Highway
Strategic position near national retailers Woolworths, Australia Post, Big W, Hungry Jack's, Zambrero & Muswellbrook Hospital
Muswellbrook - 175 km* from Sydney in the Upper Hunter Region of NSW, an area rich in mining, tourism and agriculture
Fixed 3% annual rent increases
Net Income $219,899 pa* + GST (as at August 2022)
*Approx. ^Viva Energy Australia 1ASX
Michael Collins
0404 023 204
Tom Moreland
0408 072 822
Rorey James
0439 400 081
Kevin Tong
0422 848 818
Property Code: 418