Description
Premium McDonald's & 7-Eleven Investment – Australia's #1 Fast Food & Convenience Retailers
Retail Sold - Westbrook QLD
+ Brand new 10 year lease to McDonald’s Australia to 2030 plus options to 2040
+ McDonald’s is Australia’s #1 fast food restaurant with over 970 stores nationally
+ Near new 15 year lease to 7-Eleven to 2033 plus options to 2053
+ 7-Eleven is Australia’s #1 convenience retailer with over 700 stores nationally and approximately 38% market share
+ Guaranteed rental growth with annual, fixed 3% and CPI+1% compounding rent increases
+ Tenants pay all usual outgoings (excl. land tax)
+ Impressive 4,028* sqm corner site with 3 street frontages, creating 203* metres of combined frontage
+ High profile, gateway location with the Gore Highway connecting Westbrook’s residential growth precinct and the Toowoomba CBD
+ Substantial tax depreciation benefits with up to 65% of the first year rent potentially free of income tax
+ Toowoomba: Australia’s second largest inland city after Canberra located 90 minutes west of Brisbane with a strong trade catchment of 169,000+ and set for rapid growth to 200,000* by 2035
+ Westbrook: Identified as a major growth area of Toowoomba, with master-planned communities, Coles anchored shopping centre and proposed Catholic primary and secondary schools
+ Combined Net Income: $448,611 pa + GST
Auction: Commencing 11am Wednesday 23 September 2020
Venue: Auctionworks, 50 Margaret Street, Sydney (interstate bidding options available on the day)
*Approximate
Property Features
- Retail
- Land is 4,028 m²
- Floor Area is 555 m²
Commercial Features
Highlight 1
Brand New 10 Year Lease to McDonald's
Highlight 2
Near New 15 Year Lease to 7-Eleven
Highlight 3
Substantial tax depreciation benefits
