Stonebridge Property Group is pleased to announce the successful sale of Dan Murphy’s Mount Barker, located at 52-60 Hutchinson Street, Mount Barker SA. Selling for $11.7 million, the freestanding retail investment achieved a record low yield of 5.21%.
This result marks one of the lowest yields paid for a non-metropolitan Dan Murphy’s or single-tenant Large Format Retail (LFR) asset in recent years, underscoring the continued strength and depth of demand in this tightly held asset class.
The national campaign was driven by Stonebridge Property Group Partner’s Michael Collins, Kevin Tong, Tom Moreland and Rorey James.
“The asset transacted to a high-net-worth Victorian-based private investor who was attracted to the security of the lease and the stamp duty savings applicable in South Australia” said Kevin Tong, Partner Asia Practice at Stonebridge Property Group.
“This was a highly sought-after asset, combining the strength of a national covenant with a standalone liquor format – a category that continues to perform exceptionally well,” he said.
Michael Collins, Partner added “freestanding, single-tenant retail investments such as Dan Murphy’s continue to be among the most sought-after assets in the Australian market, offering long-term income security.
Michael continued “the Mount Barker sale reaffirms the robust demand for quality LFR and liquor investments, particularly from private investors seeking secure, income-generating assets in growth corridors”.
Next week Stonebridge Property Group launch their third National Portfolio of 2025 which includes a collection of 19 freestanding investments across Australia. This latest offering is anchored by some of the countries’ most trusted fast food and retail operators, including Coles, KFC, 7-Eleven, Hungry Jack’s, Guzman y Gomez, Starbucks and more. The portfolio of blue-chip freestanding retail properties further continues the market’s momentum, presenting investors an opportunity to secure long-term income streams across highly sought after asset classes such as fast food, fuel, childcare, retail, and medical.
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