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7-Eleven, 164 Beenleigh Road
Cornubia QLD 4130
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Sold on 4 Oct 2023

7-Eleven, 164 Beenleigh Road Cornubia QLD 4130

  • Showrooms / Bulky Goods
  • 336 m²
  • Sold

New Brisbane Convenience Retail Asset Anchored by 7-Eleven Long 13.71 Yr WALE

  • Commanding 4,063 sqm* Cnr Site
  • High Profile Metro Location
  • Brand New – Huge Depreciation

Stonebridge National Investment Sales is pleased to present '7-Eleven Cornubia (Brisbane)' for sale via Immediate Offers to Purchase.

The asset has the following key investment features:

- Brand new, rarely offered 15 year net lease to 7-Eleven and secure long WALE of 13.71 years with fixed 3% increases across all tenancies
- 7-Eleven Trophy convenience retailer across 720+ locations nationally
- Andonis Café & Bar and Golden Lor - two experienced multi-site operators on new 10 year leases to 2033 + options
- Commanding 4,063 sqm* corner site with 26 car parks and newly built improvements (constructed by Hutchinson Builders) offering significant depreciation benefits
- High profile position boasting 135m* of dual street frontage and direct access to major arterial Beenleigh Redland Bay Road (39,000+ vehicles daily), only 2km from Pacific Motorway M1 (132,000+ vehicles daily)
- Strategic site at gateway to Lendlease's $2.3 billion 'Shoreline' residential development at Redland Bay, expected to welcome 10,000+ new residents
- Prime location within key retail precinct and carriageway nearby Woolworths, Chemist Warehouse and Logan Hyperdome Shopping Centre
- Potential upside via vacant 850 sqm* parcel of land suited to additional retail development and expansion (STCA)
- Cornubia Only 31 km* to Brisbane CBD and within Southeast Queensland's fastest growing LGA in the booming Brisbane to Gold Coast corridor, over 43% population growth forecast by 2036
- Net leases tenants pay all usual outgoings as per leases
- Net Income $474,542 pa (+GST)

'7-Eleven Cornubia (Brisbane)' is for sale via Immediate Offers to Purchase.

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Highlights

Date Sold4 Oct 2023
Floor Area336 m²
Land Area4,063 m²
Parking27 x Onsite parkings
Building TypeWhole building
Property ID2018721446
Category
Last updated  13 Nov 2023
Map for 7-Eleven, 164 Beenleigh Road Cornubia QLD 4130

Property Highlights

Date Sold4 Oct 2023
Floor Area336 m²
Land Area4,063 m²
Parking27 x Onsite parkings
Building TypeWhole building
Property ID2018721446
Category
Last updated  13 Nov 2023
Level 29, 10 Eagle St Brisbane City QLD 4000

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