AP Eagers Leased Investment - $3.13 Billion Market Cap
The LJ Hooker Commercial QLD Investment Team are delighted to present the Black Toyota Dalby the market for sale.
Underpinned by a 10-year lease to Australias Largest Car Dealership Group, AP Eagers, this asset offers the astute investor the rare opportunity to acquire a high yielding regional investment that offers cash flows underpinned by a tenant that has a proven track record in providing automotive solutions to both private and corporate consumers.
AP Eagers has 250 dealerships throughout Australia and New Zealand, annual revenues exceeding $3.0 billion per annum and over 8,000 employees. The company is also listed on the Australian Securities Exchange and has grown to a market capitalisation of $3.13 billion.
Features include: - Leased to AP Eagers (ASX:APE) - Triple net 10-year lease to 2024 with options until 2034 - Outgoings 100% payable by the tenant - Annual rental reviews - Exceptional showroom, display yard and workshop facilities - 4,925m² site area - 40.2m frontage to the Warrego Highway - Located in Dalbys core commercial precinct - 45 onsite car parks
Net Income: $561,927* pa + GST
For further details, a copy of the information memorandum or to organise an exclusive inspection please contact Markus Eames or Daniel Cullinane of the LJ Hooker Commercial QLD Investment Team.
*Approx
Highlights: * Leased to AP Eagers (ASX:APE) * Triple Net 10-Year Lease * Warrego Highway Frontage
