Stonebridge National Investment Sales is pleased to present to the market Bridgestone Pimpama (Gold Coast) for sale via National Portfolio Auction to be held on 9 March at 11AM (AEDT).

The asset has the following key investment features:

– Secure 10 year net lease to 2027 + options to 2044 with favourable uncapped CPI annual rent increases

– Bridgestone Australia Limited – Subsidiary of Tokyo listed Bridgestone Corporation with 300+ locations nationwide and $37 Billion market capitalisation

– Well configured 1,869 sqm* site providing 19 car parks and seamlessly integrated with neighbouring 7-Eleven and Subway convenience retail offering

– Modern, purpose built 698 sqm* Bridgestone tyre & auto centre boasting significant depreciation benefits and featuring the global company’s latest corporate branding, internal equipment and technology

– High profile position with significant exposure to major thoroughfare, Yawalpah Road, connecting Pimpama’s retail precinct to the nearby Pacific Motorway M1

– Prime location within key retail precinct and carriageway – neighbours include Woolworths anchored Pimpama Junction Shopping Centre, McDonalds, Red Rooster, Zambrero, United, Bunnings, Officeworks, Petbarn, Guzman y Gomez, Oporto and Carl’s Jr.

– Pimpama – Australia’s sixth fastest growing suburb within the booming Brisbane to Gold Coast corridor, boasting 24% population growth and over $400m* of development planned or underway by the likes of Mirvac, Stockland, AV Jennings, and The Kasa Group

– Tyre & Auto – One of Australia’s most sought after asset classes due to its favourable non-discretionary characteristics and security of lease covenants

– Net Lease – Tenant pays all usual outgoings including Insurance and Land Tax

*Approximately

Bridgestone Pimpama (Gold Coast) is for sale via National Portfolio Auction to be held on Thursday, 9 March at 11AM (AEDT). Please contact the exclusively appointed Stonebridge property professionals for more information.

Our Ref: Large Format Retail, National Portfolio

Property Code: 589