Favourable Triple Net Lease – Secure ASX 200 Listed Tenant

  • $2,100,000/Contact Agent

Property Description

Stonebridge National Investment Sales is pleased to present to the market Shell Coles Express – 42 Buladelah Way, Bulahdelah for Immediate Sale via Offers to Purchase.

The asset has the follow key investment features:

• 10 year triple net lease to 2026 + 7 x 10 year options to 2096

• Viva Energy Australia – ASX listed tenant providing one quarter of Australia’s fuel requirements^, market capitalisation of ~ $4.0 Bn1

• Convenience retail giant, Viva Energy network of 1,350+ service stations across Australia; including 700+ Shell Coles Express outlets^

• Favourable triple net lease structure, with tenant responsible for all outgoings including land tax and statutory charges

• Further provisions ensure tenant is responsible for all structural repairs, maintenance and replacement, including all fuel infrastructure

• Commanding 3,158 sqm site with 61m* frontage to Bulahdelah Way, a key tourist route providing direct Pacific Highway access

• Conveniently located near IGA, St Joseph’s Primary School, Bulahdelah Central School and Bulahdelah Tyre & Mechanical

• Bulahdelah – Township bound by the Pacific Highway in the MidCoast NSW Region – broader regions population forecast to increase 17.41% to 113,147 by 20362

• Fixed 3% annual rent increases

• Net Income $165,395 pa* + GST (as at August 2022)

*Approx. ^Viva Energy Australia 1ASX 2Forecast ID

For further information, please contact the Stonebridge team –

Michael Collins | 0404 023 204

Tom Moreland | 0408 072 822

Rorey James | 0439 400 081

Kevin Tong | 0422 848 818

Property Code: 420

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