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.
Generous 2,380 sqm* site with high profile frontage to the Pacific Highway, a key 4-lane arterial linking Newcastle to Sydney.
Important corner landholding at traffic light-controlled intersection of Marks Point Road, with 19,800 vehicles passing daily**.
19 km (30 min drive)* to Newcastle CBD.
Marks Point is a popular destination on the eastern shores of Lake Macquarie, classed as NSW’s third largest regional city with over 200,000 residents***.
Extensive 356 sqm* convenience retail store (including 2 bay workshop used as storage), single attached canopy with 18 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: $243,331 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