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 3,033 sqm* corner site with 92 metre* frontage to The Broadway, the most important thoroughfare in the area.
Strategic convenience retail and fuel location nearby Aveley Secondary College (70 metres*) Ellenbrook Sports Hub (410 metres*) and Community Pavilion (440 metres*).
Ellenbrook is a thriving growth suburb, 24 kilometres north east of the Perth CBD, with forecast population growth of 61% by 2051**.
As new improvements built in 2016 with substantial tax saving depreciation benefits including 200 sqm* convenience retail store, single canopy and 22 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: $370,989 pa
To be sold by Investment Portfolio Auction at Crown Casino from 12 noon AEDT on Wednesday 30 October.
Local bidding available in Perth.
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