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 Australia’s #1 convenience retailer with over 700 stores and 38% market share.
Prominent 1,499 sqm* corner site on Parramatta Road, major east-west arterial with 45,000 vehicles passing daily**.
Strategically located within a key Large Format and Convenience Retail corridor with Auburn Mega Mall (Good Guys, Freedom), Bunnings Warehouse, Officeworks, Harvey Norman, Factory Outlets, Costco, McDonald’s and Hungry Jack’s all within 3 km*.
Significant underlying land value with proximity to Clyde Train Station (500 metres*), new 18-level residential towers (700 metres*) and M4 Motorway (550 metres*).
Booming Parramatta City location, Granville/Clyde with forecast population growth of 346% by 2041***.
Refurbished 180 sqm* convenience retail store in 2014 with attached canopy and 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.
Rent: $170,331 pa
To be sold by Investment Portfolio Auction at 50 Margaret Street, Sydney from 10.30am AEDT noon on Wednesday 30 October.
14 other 7-Eleven freehold investments also available.
Contact sales team for more details.
*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.
For more details, please email agent