Strong Performing 7 Eleven - Renewed 10 Year Lease
10 year lease to 2028 + options 2048
Fixed 3.25% annual rent increases
Net Income $316,581 pa + GST
Cushman & Wakefield is pleased to present to the market 911 Pacific Highway, Lisarow for Sale via Auction.
The property has the following key characteristics: - 10 year lease to 2028 + options 2048 - 7-Eleven Australias third largest private company, network of 700+ convenience stores & revenue of $3.4B - Pacific Highway exposure to 25,790+ cars daily* - Exceptional position located neighbouring McDonalds, Coles Lisarow Plaza Shopping Centre, Woolworths, Lisarow Medical Centre, Laverty Pathology & Storage King - Substantial 2,609 sqm Pacific Highway landholding - Central Coast Continually growing significant population of over 340,000 people & GRP of $15.52B - Landlord friendly lease terms including tenant remediation clauses - Tenant pays all outgoings as per lease including building insurance (excl. Land Tax). - Easily managed single tenant investment - Fixed 3.25% annual rent increases - Annual Rental $324,707 pa + GST - Net Income $316,581 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 29 April at 12 noon at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.
Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne.
Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.
