NEW COLES ANCHORED NEIGHBOURHOOD SHOPPING CENTRE IN SIGNIFICANT GROWTH CORRIDOR
Highly attractive long 7.7 Year* WALE
Largest full-line Supermarket within MTA
8.6% p.a.* MTA population growth
CBRE is pleased to present to market Flagstone Village, a near new Coles anchored retail investment opportunity strategically positioned in the heart of the emerging Flagstone City Centre, with a forecasted 8.6%* p.a. MTA population growth.
- 4,604sqm* Coles anchored neighbourhood shopping centre secured via a long 7.7 Year* WALE (by income). - New 10-year lease to a 3,616sqm* full-line Coles Supermarket, occupying 70%* of income and 79%* of the GLA, representing the largest full-line supermarket in the MTA. - Located 38km* south of the Brisbane CBD and 7km* west of Jimboomba, within the identified Flagstone Priority Development Area (PDA). - The Flagstone PDA is Queensland's second largest residential growth corridor and has been identified for an additional 50,000 new dwellings to accommodate 120,000 persons^. - The MTA population is projected to increase at an average growth rate of 8.6%* p.a, over 4 times the Australian average^ - MTA retail spending is forecast to increase to $1.5 billion by 2041, representing an average growth rate of 11.3% p.a.^ - At-grade car parking for 245 vehicles including 2 electric charging bays and a Coles click and collect loading area. - Fully leased net income: $1,607,000 per annum* (As at 1 November 2023)
For Sale by Expressions of Interest closing Thursday 16th November 2023 at 4:00pm (AEST).