Stonebridge Property Group has been exclusively appointed to market the new 7-Eleven & Subway development at Ripley, west of Brisbane, on behalf of Griffith Group.
Comprising a newly built, state-of-the-art fast food, fuel, and convenience asset, the offering is underpinned by brand new 12 and 8 year net leases to global tenants 7-Eleven and Subway, set across a large 3,723 sqm freehold corner site.
The property is seamlessly integrated into Griffith Group’s ‘Ripley Central’ mixed-use retail and services precinct, alongside Starbucks, a retail centre, car wash, swim school and childcare development.
Stonebridge Partner, Tom Moreland commented, “This is a fantastic, future proofed convenience retail development, enjoying strong exposure to major arterial, Ripley Road, positioned at the heart of the burgeoning suburb, forecast to expand 738% and welcome 117,000 residents by 2046. Long term leases to 7-Eleven are always attractive, with this asset providing the added benefit of Land Tax being recovered by the convenience giant, rarely seen across the 7-Eleven network.”
Stonebridge Executive, Harry Curtain added, “There is pent up demand within the market for newly built fuel & convenience retail assets, as the pipeline of new projects in the sector has diminished significantly in the last 12 to 18 months. We expect a broad range of interest nationally from investors, as southern based capital continues to seek premium Queensland based assets.”
‘7-Eleven & Subway Ripley’ is for sale as part of Stonebridge’s May National Portfolio, with expressions of interest closing Thursday, 22 May at 3pm (AEST).
如需了解更多信息，请联系以下团队：
Tom Moreland | +61 408 072 822 | tmoreland@stonebridge.com.au
Michael Collins | +61 404 023 204 | mcollins@stonebridge.com.au
Harry Curtain | +61 438 684 800 | hcurtain@stonebridge.com.au
Thomas Proberts | +61 439 488 019 | tproberts@stonebridge.com.au
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