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591 Grand Junction Road Gepps Cross SA 5094

  • Shop & Retail
  • 442 m²
  • Expressions of Interest

OPENING SOON - PREMIUM INVESTMENT WITHIN ADELAIDES TRANSPORT HUB

  • Imminent Completion
  • Strong Lease covenant
  • Demanding catchment area

CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties.

591 Grand Junction Road, Gepps Cross is due to open imminently and will comprise SAs most premium fuel tenant as well as Hungry Jacks under the Peregrine franchising agreement. The site is located in Adelaides industrial and transport heart, just 20 minutes* from the Adelaide CBD. This asset will cater perfectly to Adelaides major freight corridor.

OTR (On The Run Pty Ltd) is the largest private employer (3,500 employees*) in South Australia and is a part of the Peregrine Group of companies making it a part of the 11th largest private company in Australia despite only operating out of SA. OTR started with a humble investment in Adelaides North-Western suburbs in 1984 and has swiftly grown to own over 150 sites.

The property can be acquired as a single investment or within a portfolio of four Service Stations.

INVESTMENT HIGHLIGHTS:

LESSEE: On The Run Pty Ltd

TERM: 15 years commencing 1 March 2020

OPTIONS: 10x5 years

INITIAL RENT:
OTR - $295,000 pa (approx)
Hungry Jacks - $150,000 pa (approx)
(with annual 2.75% fixed reviews)

PROPERTY PORTFOLIO OPTION:
591 Grand Junction Road, Gepps Cross SA 5094
89 Military Road, West Beach SA 5024
303 Glen Osmond Road, Glenunga SA 5064
1 Mildred Street, Kapunda SA 5373

Expressions of Interest close 4pm Thursday 8th October 2020 (ACDT)

*approximately

EXPRESSION OF INTEREST

Closing date and time08/10/2020 04:00
Recipient nameAsk Agent
Delivery addressCBRE

Property Highlights

Property ID2016479613
Floor Area442 m²
Land Area2,605 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Sep 2020
Map for 591 Grand Junction Road Gepps Cross SA 5094
Map for 591 Grand Junction Road Gepps Cross SA 5094591 Grand Junction Road Gepps Cross SA 5094
CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000

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