ULTIMATE CONVENIENCE TROPHY INVESTMENT UNDERPINNED BY STRONG PERFORMING DRIVE-THRU RETAILERS
Strong performing drive-thru retailers
Secured by long-term 10 year leases
Significant depreciation benefits
CBRE Retail Investments are pleased to present to market 149 George Street, Beenleigh.
- Underpinned by secure long-term 10 year leases to Taco Bell & The Yiros Shop, with excellent income security via a lengthy 7.3 year WALE (by income). - Commanding 2,596m2* site with a 46m* direct frontage to George Street and positioned alongside Hungry Jacks and opposite Beenleigh Marketplace Shopping Centre, providing excellent traffic generators. - Located in a major growth corridor area at the midway point between Brisbane and the Gold Coast, the property is situated 33km* south-east of the Brisbane CBD and 38km north-west* of Surfers Paradise. - The rising construction cost environment further underpins this built form asset as a purchase well below replacement cost with the opportunity for revisionary income in the future. - Recently built in 2020, the property offers significant depreciation benefits and a tax effective income stream. - Easily managed and defensive income stream with built in income growth of 3% per annum. - Net Income $331,000 per annum*^ + GST.
For Sale via Expressions of interest closing Thursday 23rd November 2023 at 4:00pm (AEST).
For further information, please reach out to the sales and marketing agents.