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.
Landmark 2,118 sqm* site on major Pacific Highway corner with over 60,000 vehicles passing daily**.
Commanding 108 metre* corner frontage (plus splay).
Gateway to tightly held Wahroonga Village Shopping Centre and Council car park (179 spaces***), one of Sydneys strongest neighbourhood retail strips.
Blue-Chip location with Wahroonga Train Station, Australia Post, Commonwealth Bank, Westpac Bank, BWS, Neringah Hospital and Pacific Motorway all within 600 metres.
Site set to benefit from proposed major upgrades to the Pacific Highway/Redleaf Avenue intersection, including new traffic lights, turning lanes and pedestrian crossings**.
Affluent local demographic with household income 40% higher than the national average**** and median house price of $1.855 million*****.
Premier education precinct with Knox Grammar, Abbotsleigh School, Wahroonga Prep School, St Lucys School and Prouille Catholic Primary School (4,754 students combined) all within 500 metres.
Ku-Ring-Gai Council population is forecast to increase by 25% over the next 20 years***.
Estimated net rent: $116,904 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.
**RMS
***Ku-Ring-Gai Council
****GapMaps
********
*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.
