Brand new 12 year lease to 7-Eleven to 2031 plus options to 2051.
Guaranteed rental growth with annual fixed 3% rent increases.
7-Eleven is Australias #1 convenience retailer with over 700 stores and 38% market share.
Prime 3,430 sqm* Nepean Highway corner site with 107 metres* combined frontage and 30,000 vehicles passing daily**.
Supported in the immediate vicinity by KFC, Hungry Jacks, McDonalds, Red Rooster, Toyota, Ford, Honda, Mazda, Autobarn, Dulux, Adairs and Beleura Private Hospital all within 350 m*.
Includes land on title for potential expansion (STCA).
Modern 205 sqm* convenience retail store refurbished and updated in 2012 with on-site car spaces.
Landlord-favourable, Net lease terms, 7-Eleven pay all rates, building and public liability insurances*.
IMPORTANT: 7-Eleven owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation.
Popular city-commute destination, 57 kilometre* drive from the Melbourne CBD.
Growing residential population of 25,913, up 23% since 2006****.
Gateway to Portsea, Sorrento and the Mornington Peninsula, one of Victorias leading tourism destinations and booming drive-holiday market with domestic overnight spend up 31.4% since 2018 to $707 million***.
Rent $209,264 pa.
To be sold by Investment Portfolio Auction at Crown Casino from 12 noon AEDT on Wednesday 30 October.
14 other 7-Eleven freehold investments also available.
Contact sales team for more details.
**VicRoads
***business.vic.gov.au
***profile.id
*All areas and figures approx only. All boundaries are indicative only. Rents stated are commencing rentals as per the lease. Land tax is not payable by the tenant. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
