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8-20 Mabel Street Cairns QLD 4870

  • Shop & Retail
  • 4,482 m²
  • For Sale, PLEASE CONTACT EXCLUSIVE AGENTS

HIGH PERFORMING FREESTANDING BIG W DISCOUNT DEPARTMENTSTORE

  • Net income of $914,340 per annum
  • Big W is the only DDS within the region
  • Trading well above benchmarks

CBRE Retail Investments are pleased to exclusively present to the market Big W Atherton - a rare opportunity to acquire a high performing, freestanding Big W Discount Department Store.

- Well-designed 4,482sqm single level retail store with substantial on grade car parking for 169 vehicles and an additional 72 public car parks along Mabel Street.
- Residual lease term of 3.75 years with options to 2041.
- 100% of the income is secured by a wholly owned subsidiary of Woolworths Limited.
- Big W Atherton is trading well above the Urbis average discount department store benchmark resulting in a low occupancy cost.
- The tenant is currently paying turnover rent and there is potential for additional income with the landlord entitled to up to 4% of sales over a threshold.
- Retail spending within the main trade area is expected to reach $953.6 million by 2036, representing strong growth of 3.2% per annum.

Big W Atherton is being offered for sale by way of Expressions of Interest campaign closing 4:00pm (AEST) Thursday 11th August 2022.

To obtain further information, please contact Josh Scapolan, Joe Tynan or Danny Betros.

Property Highlights

Floor Area4,482 m²
Land Area1.11 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017926768
Category
Last updated  14 Jul 2022
Map for 8-20 Mabel Street Cairns QLD 4870

Property Highlights

Floor Area4,482 m²
Land Area1.11 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017926768
Category
Last updated  14 Jul 2022
Waterfront Place, Level 3 1 Eagle Street Brisbane City QLD 4000
Josh Scapolan
Josh Scapolan
CBRE Brisbane
Joe Tynan
Joe Tynan
CBRE Brisbane
Danny Betros
Danny Betros
CBRE Brisbane

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