Burgess Rawson & Commercial East Coast Investments are pleased to offer to market the 7-Eleven Convenience Centre & Go2 Car Wash located at 245 Ross River Road, Aitkenvale (Townsville) for sale via Expressions of Interest.
The property has the following investment highlights:
+ Anchored by twelve (12) year net lease to 7-Eleven plus four (4) further five (5) year options to 2055
+ Supported by twelve (12) year net lease to Go2 Car Wash plus four (4) further five (5) year options to 2055
+ 7-Eleven: recently purchased for $1.71 billion by 7-Eleven International LLC with 46,000 sites globally
+ Go2 Car Wash: state-of-the-art privately-owned self-service car wash
+ Landlord favourable net lease structures with 7-Eleven & Go2 Car Wash responsible for all usual outgoings excluding land tax
+ Strong and certain income growth with a mixture of fixed 3% annual rent increases and annual CPI reviews with ratchet provisions
+ Construction completed in July 2023, offering modern infrastructure and significant depreciation benefits ($305,403 in the first year)
+ High profile 3,435sqm* site located on the main thoroughfare of Ross River Road, a major arterial roadway with exposure to 23,000* vehicles passing daily
+ Centrally located to Townsville's major social infrastructure including James Cook University, Townsville University Hospital and Townsville Mater Private Hospital, with all three amenities accessible via Ross River Road
+ Prominently positioned within a significant schooling catchment - 23 schools within a 3km* radius servicing 14,338* full-time students
+ Located within close proximity to numerous major retail amenities including Dan Murphy's, Stockland Shopping Centre and Kmart Plaza, underpinned by national tenants including Big W, Myer, Kmart, Woolworths, Rebel Sport, Coles and various speciality retailers
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow 45% by 2041^
+ Combined Net Income: $440,960 pa* + GST
For Sale via Expressions of Interest
Closing 4pm AEST Thursday 21 March 2024 (if not sold prior)
Please contact the Burgess Rawson & Commercial East Coast Investments teams for more information.
*Approx.
^ Townsville City Council
