Secure 10 year triple net lease to 2026 plus seven further 10 year options to 2096.
Viva Energy Group Limited (ASX: VEA), a blue-chip $2.8 billion ASX-listed company and Shells Australian licensee with over 1,300 retail fuel sites across Australia**.
Viva Energy control 24% of Australias retail fuel market, with sales volume up 28% since June 2020**.
Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.
Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 2,391sqm corner site with 96 metre combined frontage with 23,000 vehicles passing daily***.
Surrounded by important social infrastructure including Klemzig Medical Centre, three childcare centres and Klemzig Primary School all within 700 metres.
Within 900 metres of Greenacres shopping district, anchored by Coles, Reece, Reject Shop, Guzman y Gomez, Priceline Pharmacy, Cash Converters and Liquorland.
Located 1km away from the Klemzig Interchange, one of Adelaides 3 interchanges along its famous O-Bahn transport line, which carries over 31,000 people per weekday****.
Strategic essential service investment.
Net Rent: $106,923 pa + GST
To be sold by Investment Portfolio Auction:
10:30am AEDT
Wednesday 31 March 2021
Southbank, Crown Casino, Melbourne
1 other Viva Energy freehold investments also available.
Contact sales team for more details.
**Viva Energy
***Gap maps
**** unisa.edu.au
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
