Stonebridge is pleased to present to the market 69 Thuringowa Drive, Kirwan (Townsville) for Sale via Expressions of Interest.

The asset has the following key investment features:

• Renewed 5 year triple net lease to 2027 + options to 2042
• Corporate Head Company Lease to National Dental Care – Leading national dental service provider across 60+ locations
• Strong performing & longstanding dental practice in operation 17+ years, current patient wait times up to 8 months
• Highly exposed 786 sqm* site with direct frontage and access to major arterial Thuringowa Drive (25,000+ vehicles per day)
• Modern, fully refurbished and well configured dental surgery featuring state-of-the-art equipment
• Recent and ongoing tenant investment by NDC, including enhanced fit-out and new dental equipment
• Strategic ‘activity centre’ position near multiple schools, Coles, Woolworths & Big W anchored Willows Shopping Centre, Health Campus, McDonald’s, Hungry Jack’s, Dan Murphy’s and medical centres
• Townsville – Major North QLD city boasting a multi-faceted $12.38 Billion economy and population of 229,031+
• Secure lease structure including ‘ratchet’ provision, ensuring rent cannot decrease
• Triple Net Lease – Tenant pays all outgoings including Land Tax, Management Fees and Structural Repairs & Maintenance
• Rare minimum 4% annual rent increases
• Net Income $186,367 pa* + GST

The investment is for sale by way of Expressions of Interest closing Monday 11th April at 1pm.

Should you hold interest in the asset please contact the exclusively appointed Stonebridge property professionals.

*Approx.

Property Code: 448