Strong Performing 7-Eleven on Pacific Hwy | Neighbouring McDonald’s
Description
Burgess Rawson is pleased to offer to market the 7-Eleven located at 1 London Dr (cnr Pacific Hwy), Wyong NSW for sale via our Investment Auction Portfolio 159.
The property has the following investment highlights:
+ Fifteen (15) year lease to 2029 to 7-Eleven plus options to 2044
+ Annual fixed compounding 3.5% rent increases, ensuring income growth
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings excluding land tax
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share
+ Purpose built facility in 2014 – equipped with modern fuel infrastructure including fiberglass tanks
+ Massive 3,204sqm* Pacific Highway site with 110 metre* corner frontage
+ Highly accessible – positioned on main intersection accessed by all surrounding arterials
+ Large volumes of passing traffic daily, directly adjacent to McDonald’s drive thru restaurant.
+ Landmark location surrounded by major brands & amenities including Coles & Woolworths Supermarkets, Wyong Public/ Tuggerah Lakes Private Hospital
+ Central Coast: Population forecast to grow to 415,355 people by 2036.
+ Net Income: $375,433 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Tuesday 28 March 2023
Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx
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Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188Darren Beehag Partner
0411 226 223Enquiry Form
Wyong, NSW
1 London Drive
- Sold Price: Contact Agent
This property was sold as part of Portfolio 159
Contact agents
-
Yosh Mendis Head of Agency | Partner
0434 413 188 -
Darren Beehag Partner
0411 226 223