UNDER CONTRACT Brand New Premium Fast Food & Convenience Retail Investment – New 12 Year Leases to 2036
Description
Burgess Rawson is pleased to offer to the market 7-Eleven & Oporto Wodonga (Albury) VIC for sale by Expressions of Interest closing Wednesday 4 December 2024.
This opportunity has the following key investment highlights:
+ New 12 year leases to 2036 plus options through to 2056
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC operating 46,000+ sites
+ Oporto: part of Craveable Brands operating 600+ restaurants nationally including Oporto, Red Rooster & Chicken Treat
+ Compounding fixed 3% annual rent increases, guaranteeing rental growth
+ Defensive essential service investment providing long leases to global and national giants
+ Newly built in 2023 providing maximum depreciation benefits
+ Prime 3,484sqm* landholding offering state-of-the-art construction built to 7-Eleven and Oporto standards
+ Ideal retail position with direct access off major roundabout, minutes to Murray Valley Highway and close to national retailers and major automotive precinct including Toyota, Lexus, Volkswagen, Nissan, Kia and Ultra Tune
+ Potential 50% stamp duty saving
+ Wodonga: robust economy with low vacancy rates and house prices up 50%
+ Net Income: $519,921 pa* + GST
For Sale via Expressions of Interest
Closing 3pm AEDT Wednesday 4 December 2024
Please contact the exclusively appointed sales team for more information.
*Approx.
Enquire
Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188Jamie Perlinger Head of Agency | Partner
0413 860 315Geoff Sinclair Director
0451 462 759Enquiry Form
Wodonga, VIC
196 Melbourne Road
For Sale by Expression of Interest
This property is part of Portfolio 172
Price: Contact Agent
Contact agents
-
Yosh Mendis Head of Agency | Partner
0434 413 188 -
Jamie Perlinger Head of Agency | Partner
0413 860 315 -
Geoff Sinclair Director
0451 462 759