Brand new 12 year net 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 38% market share.
Significant 5,784 sqm* site.
Prime corner position at the northern gateway to Penriths Castlereagh/Mulgoa Road large format retail, trade retail, sport and entertainment corridor supported by Kennards, Volkswagon, Nissan, McDonalds, Bunnings, Gyprock and more.
Over $700 million** in commercial and industrial developments within 400 metres (recently completed or under construction) including 440,000 sqm* Nepean Business Park, 50,000 sqm* Visy Warehouse and the Waterside Business Park.
Adjacent to Penriths Whitewater Stadium and proposed 330 hectare Penrith Lakes urban development***.
Local population forecast to soar by 76% by 2036****.
Just 2.1 km from Penrith CBD, Train Station and Westfield.
Landlord-favourable, net lease terms, 7-Eleven pay rates, building and public liability insurances, repairs and maintenance in accordance with the lease.
7-Eleven responsible for maintenance and replacement of fuel tanks and equipment and site remediation in accordance with the lease.
Strategic essential service investment.
Estimated net rent: $181,760 pa.
Investment Portfolio Auction 140
11AM (AEDT) Tuesday 27 October 2020
Yallamundi Rooms, Sydney Opera House
**Cordell and AFR
***Penrith Lakes development application
****profile.id and Penrith City Council Community Profile 2018
*All areas and figures approx only. All boundaries are indicative only. Rent stated is estimated net rental based on commencing rents in the lease and current single holding land tax assessments. 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.
