Stonebridge National Investment Sales is pleased to present to the market 7-Eleven & Subway Pimpama (Gold Coast) for sale via Expressions of Interest closing Thursday 9 March at 5pm (AEDT).

The asset has the following key investment features:

– 7-Eleven – Secure 15 year net lease to 2031 + options to 2048 with attractive fixed 4% increases

– Head company lease to 7-Eleven – Trophy convenience retail tenant covenant across 720+ locations nationally

– Subway – Secure 6 year net lease to 2026 + option to 2031 with fixed annual increases

– Head company lease to Subway – Global sandwich chain dominating the Australian market with the most fast food outlets of all operators, 1,229+ stores nationally

– Modern, well-configured 7-Eleven and Subway convenience retail offering (built 2017), providing significant depreciation benefits and seamlessly integrated with neighbouring Bridgestone tyre & auto centre

– Substantial 3,130 sqm* corner site with 28 dedicated car parks on title and ease of all directional access via signalised intersection and smart road network comprising roundabouts and ‘slip’ lanes

– 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.

– High profile 55 metre frontage to Yawalpah Road, the major thoroughfare connecting Pimpama’s retail precinct to the nearby Pacific Motorway M1

– Pimpama – Australia’s sixth fastest growing suburb in 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 and AV Jennings

– Net Leases – Tenants pay all usual outgoings including general repairs and maintenance

– Fully leased net income of $486,868 pa* + GST

*Approximately

7-Eleven and Subway Pimpama (Gold Coast) is for sale via Expressions of Interest closing Thursday, 9 March at 5pm (AEDT). Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Code: 590