2660 Logan Road Eight Mile Plains QLD 4113
- Shop & Retail
- 341 m²
BRAND NEW SERVICE CENTRE ON CNR OF GATEWAY MOTORWAY ON RAMP & LOGAN ROAD
- National Tenants 7-Eleven & Subway
- 10.9 year* WALE (by income)
- Prominent Metropolitan Brisbane location
On behalf of the CBRE Queensland Retail Investments team, we are delighted to present this rare opportunity to purchase a brand new Brisbane metropolitan service centre anchored by some of the biggest names in their respective industries, 7-Eleven and Subway. The property is located at 2660 Logan Road, Eight Mile Plains QLD.
This compelling investment opportunity offers the following key attributes:
- Dominant corner position, less than 14km* to the Brisbane CBD;
- Long WALE 10.9* years (by income);
- Income growth via strong net leases with annual increases;
- Substantial depreciation benefits from brand new construction;
- Security of income with the centre 91% occupied by leading national tenants;
- Anchored by 7-Eleven, the largest convenience and petrol retailer in Australia with more than 650 stores;
- Prominent location with significant frontage to 44,000* cars daily on a major arterial road and Gateway Motorway entrance; and
- $406,145 pa* net passing income as at 1 July 2019.
THE PROPERTY IS FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING 8 AUGUST 2019 AT 4PM (AEST)
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.
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