Cushman & Wakefield is pleased to present to the market 26 Evans Avenue, Mackay for Sale via Auction.
The property has the following key characteristics:
- Subway - Renewed 7 year lease to 2028 + options - Longstanding tenant of 15+ years
- Gloria Jeans - Renewed & extended 8 year lease to 2029 + options
- Subway - Worlds largest sandwich chain across 44,000+ locations
- Gloria Jeans - Globally recognised café chain in 50+ countries, operating 200+ stores in Australia
- Strong performing fast food and retail centre, major tenants in occupation for 15-30+ years
- Highly exposed corner site along North Mackay's busy retail strip of Evans Avenue, home to IGA, Chemist Warehouse, Domino's, Liquorland & Puma Energy
- Dual-street access with ample on-grade & off-street parking recently upgraded by council to handle high demand
- Convenient location 1.5 km from Mackay's CBD with inbound & outbound bus stops on the doorstep of centre
- Mackay - Thriving regional centre home to 117,902 residents, possessing a diverse $17.16 Billion economy supported by its globally recognised resource & engineering sector, agribusiness, construction, logistics, education & tourism
- Favourable net leases - Tenants pay outgoings as per leases
- Annual increases up to 3%
- Net Income $235,878 pa + GST
The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Monday 27 September at 1pm.
All interested parties will have access to our Live Stream & Online Bidding Platform strictly via prior arrangement.
Brisbane Live Stream & Bidding Facilities will be available at the below venue;
Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street
Should you hold interest in bidding on the asset from the above location or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.
