Stonebridge is pleased to present 7-Eleven, Red Rooster & Subway Bathurst (Central West) for sale via Expressions of Interest closing Thursday, 30 May 2024 at 3pm (AEST).

The asset has the following key investment features:

– Brand new 12 and 10 year net leases with 40%* of income weighted to fast food and long 11.7 Year WALE

– 7-Eleven – Brand new 12 year net lease to 2036 + options to 2056 with 3% fixed annual increases

– 7-Eleven – Trophy convenience retailer sold for $1.7Bn to Tokyo-listed ‘Seven & I Holdings’, joining global network of 83,000+ stores

– Red Rooster – Long 12 year net lease to 2036 + options to 2056 with 3% fixed annual increases

– Red Rooster – A subsidiary of PAG Asia Capital, Australia’s first chicken shop with over 50 years of operation and 370+ stores nationally

– Subway – Secure 10 year net lease to 2034 + options to 2054 with 3% fixed annual increases

– Head company lease to Subway – Largest global fast food chain operating across 44,000 locations in 100+ countries, dominating the Australian market with 1,229+ stores nationally

– Expansive 3,583 sqm* corner site with 25 car parks featuring brand new improvements (completed 2024) offering huge depreciation benefits

– Strategic fast food and convenience retail location, benefiting from gateway position and 150 metres triple street frontage to Mitchell Highway (13,045+ vehicles daily)

– Future proof combination of fast food and convenience retail, seamlessly integrated with a strong performing McDonald’s at the entrance to prominent business park on exposed multi-lane roundabout

– Bathurst (Central West) – One of NSW’s largest and fastest growing regional locations, hosting $2.6Bn economy plus 1.3M+ tourists per annum

– Net Lease Structure – Tenants pay all usual outgoings including rates, insurance and general repairs & maintenance, with 75% of outgoings recoverable, plus additional Management Fee provisions

– Net Income $550,104 pa* + GST

‘7-Eleven, Red Rooster & Subway Bathurst (Central West)’ is for sale via Expressions of Interest closing Thursday, 30 May 2024 at 3pm (AEST).

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Code: 946