Stonebridge Property Group is pleased to present 7-Eleven Wallsend (Newcastle) for sale via Immediate Offers to Purchase.
The asset has the following key investment features:
- Secure 15 year net lease to 2031 plus options to 2041, with fixed 4% annual rent increases
- Head company lease to 7-Eleven – Trophy convenience retailer sold for $1.7 billion to listed Tokyo-based ‘Seven & I Holdings’, joining network of 83,000+ locations
- High profile 1,548 sqm* site, featuring 8 carparks and 40+ metres street frontage to key arterial Minmi Road
- Modern, freestanding convenience retail offering built 2016, offering excellent depreciation benefits
- Strategic convenience retail location at point of connection to greater Newcastle and major residential growth areas Wallsend, Fletcher, Maryland, Jesmond, Birmingham Gardens and Elermore Vale
- Ideal position nearby key retail and employment hubs including Bunnings, Coles Fletcher and Wallsend Village Shopping Centre
- Newcastle – Booming $50 billion* economic powerhouse just 2 hours from Sydney, driven by world’s largest coal port and Australia’s top ranking regional university, The University of Newcastle
- Hunter Region – NSW’s second largest growth centre, set to host 863,131+ residents by 2041
- Net Lease structure – Tenant pays usual outgoings as per lease and is responsible for full site remediation
- Net Income $388,200 pa* + GST
7-Eleven Wallsend (Newcastle) is for sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 828