Dominant Freestanding Woolworths with Rare Net Lease
First time offered
Tenant undertaking $9m refurbishment
Initial term percentage rent forecast
Savills Retail Investments team are excited to present for sale this generational investment opportunity and just the third full-line supermarket offered in Victoria this year.
Investment highlights include: - High performing standalone supermarket undergoing $9m tenant refurbishment - Secured by an unrepeatable 24-year lease to Woolworths Group Limited - Highly sought-after 'net' lease - Ultra-rare fixed rental increase of 10% at first option, guaranteeing growth - Full-line supermarket of 4,294sq m* with brand new Direct to Boot facility - Substantial site area of 9,699sq m* with 159 car bays on title - Percentage rent forecast during initial term - Important 50% Stamp Duty Savings - Woolworths Limited: ASX-giant with 1,112 stores nationally and market cap of $45.26b. - Net Income: $944,215pa*
For Sale via Expressions of Interest closing 3pm (AEDT), Thursday 16 November 2023.