Retail
Description
Brand New 7-Eleven | 12-Year Initial Net Lease - Completion 2023
Retail - Smithfield QLD
INVESTMENT HIGHLIGHTS
• Brand new initial 12-year head lease to 7-Eleven to 2035 plus four further five-year options to 2054
• Fixed 3% annual rent increases ensuring ongoing growth
• 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and 38% market share
• Substantial 3,000sqm corner site in a new mixed-use masterplan including fast-food and medical
• Significant depreciation benefits (upon completion)
• Located on a high-profile intersection in growth corridor near Bunnings, Smithfield Shopping Centre and James Cook University
• Smithfield: 15km north of Cairns CBD with more than 17,000 current residents in surrounding area
• Net Income: $375,000 pa + GST (on completion)
Property Features
- Retail
- Land is 3,000 m²
- Floor Area is 3,000 m²
