Secure 6 year lease until 2019 to The Reject Shop + options until 2025.
The Reject Shop: dominant market trader, ASX listed tenant $756.8M in sales, $14.2M net profit and over 330 stores.
Glen Innes: located less than 100 kilometres from Armidale on the New England Hwy which forms a major part of the Sydney to Brisbane national highway route.
Attractive 3% fixed annual rental increases.
Absolute prime main street retail location.
High quality retail building with commanding frontage.
Modern building constructed circa 2012; depreciation benefits.
Easily managed single tenant investment.
Estimated Net Income: $121,280 pa + GST.