Description
Triple Net Lease Hoppy's Express in SEQ Rapid Growth Corridor
Retail - Pimpama QLD
Kelly & Co Property is pleased to present a thriving investment opportunity in the heart of the Gold Coast’s northern growth corridor.
Hoppy’s Express Car Wash at 5a Dixon Drive, Pimpama, is a state-of-the-art Tunnel Wash facility offering express washes with the capacity to wash 60-100 vehicles per hour.
The strategically located site is adjacent to United Fuel, Pimpama Pavillion, Red Rooster, Carls Jnr. and is across the road from McDonald’s, 7-Eleven and Woolworth’s anchored Pimpama Junction.
The investment is secured by a Triple Net 10-year lease to 2029 + 2 x 10-year options to 2049 with the tenant paying 100% outgoings including repairs, maintenance, property management and lax tax.
Investment Highlights
– 10-year lease to 2029 + 2 x 10-year options to 2049
– Net Income $151,285pa + GST
– Fixed 3% annual increases, ensuring rental growth
– Triple Net Lease: Tenant pays all outgoing, including property management and land tax
– Strategically located 1,325sqm site adjacent to United Fuel, Pimpama Pavilion, Red Rooster and nearby Woolworths, McDonald’s, 7-Eleven + more
– 3-month rental bond
– Hoppy’s Express Car Wash offers market-leading Tunnel Wash technology with the capacity to wash 60-100 vehicles per hour + free vacuuming
– Hoppy’s: 9+ locations across SE Queensland, in operation for 20+ years
– Pimpama: 22km north of Gold Coast CBD
– The Coomera-Pimpama region population is projected to reach 115,845 by 2041, representing a 319.9% increase.
This is an off-market opportunity – contact exclusive agent Sarah Broad from Kelly & Co Property for more information – 0475 944 322 or [email protected].
Property Features
- Retail
- Land is 1,325 m²
- Floor Area is 1,325 m²
