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.
Extremely unique and rare 17,300 sqm* freeway convenience retail and truck stop with dedicated access and egress to Western Freeway and Derrimut/Hopkins Rd.
Extraordinary exposure with 536 metres* combined frontage and over 82,000 vehicles passing daily**.
Underutilised site with outstanding long-term development potential (STCA), at the edge of Melbourne’s rapid urban sprawl.
Key site in the heart of Melbourne’s western growth corridor with the population in the immediate vicinity expected to increase from 3,483 people to 70,738 people plus 354,520 new residents within 10 km by 2051***.
Extensive 356 sqm* convenience retail store refurbished in 2012 with 2 separate canopies plus 18 car spaces and 12 dedicated truck parking bays.
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: $328,983 pa
To be sold by Investment Portfolio Auction at Crown Casino from 12 noon AEDT 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