15yr Net Lease to Global Covenant
JLL is pleased to present to the market PUMA Energy Geebung at 86 Murphy Road, Geebung, QLD for sale via public auction.
The asset is underpinned by the following key investment features:
• 15yr net lease with 3% annual rent reviews;
• Prime corner site on busy intersection- 48,000 passing cars per day;
• Recently undergone $1.5mil refurbishment including new fuel delivery equipment;
• PUMA Energy Australia- Australian arm of global energy giant with revenue exceeding $15.6bil; and
• Net income of $265,000p.a. as at 1 January 2019.
The prop...
