61 Springfield Parkway Springfield QLD 4300

Shop & Retail
900 m²
Sold

Brand New Service Centre Underpinned by 15yr Net Lease to 7-Eleven

Brand new convenience centre anchored by 7-Eleven and Subway and supported by two additional retailers
WALE (by income) of 11.88yrs & underpinned by a new 15yr lease to 7-Eleven with 3% fixed annual rent reviews
Tenants pay all outgoings (excluding land tax)
Fixed 3% rental growth across all tenants
Expansive 3,242sqm* site with over 45m* of frontage to Springfield Parkway, a key arterial roadway
Outstanding convenience retail position adjoining McDonalds and KFC and opposite Coles Springfield
Located within the key Springfield City growth corridor, currently undergoing an expansive population increase
Directly adjoining global fast food retailers McDonalds and KFC
Strong tax depreciation benefits available
Net income of $462,673 p.a.* as at 31 October 2019
*Approximately