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.

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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
Enquiry Form

Wodonga, VIC

196 Melbourne Road

For Sale by Expression of Interest

This property is part of Portfolio 172

Price: Contact Agent

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