Brand new 12 year 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 approximately 38% market share. Prime location just 200 metres* from Dreamworld, the largest theme park in Australia with over 1,000,000 visitors annually**. Enormous and underutilised 8,594 sqm* site with 277 metres* combined frontage. Proximity to Pacific Motorway ramps, Westfield Coomera, Coomera Train Station, Saint Stephens College, Upper Coomera College, Coomera Indoor Sports Centre, Gold Coast Gymnastics Club, Coomera Sports Park, Coles, Coomera Anglican College and TAFE Queensland Marine, all within 1.75 km. Adjoining site proposed for $500 million development including 225-room resort and 2 residential towers***. Northern Gold Coast location with rapid forecast population growth of 352% (58,493 new residents) by 2041****. Estimated net rent: $289,483 pa*.
To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at Crown Casino in Melbourne from 12:00pm Brisbane time (1:00pm Melbourne time) on Tuesday 25 February 2020. 17 other 7-Eleven freehold investments also available. Contact sales team for more details.
**Dreamworld ***hotelmanagement.com.au ****profile.id and Queensland Government Statisticians Office *All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. 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.
