1 Mildred Street, Kapunda, SA 5373

Retail | Other

For Sale Contact Agent

  • Property ID: 374815
  • Floor Area: 372m²
  • Land Area: 1413m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
PROMINENT RETAILER IN THE CENTRE OF TOWN

CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties.
1 Mildred Street, Kapunda is a 24 hour retailer in the town of Kapunda. This multi-tenanted asset sits on the main thoroughfare linking the outskirts of Adelaide to one of the Murray River’s most popular holiday destinations. The property has a long-term lease to On The Run and Subway (as part of the OTR franchising agreement).
OTR (On The Run Pty Ltd) is the largest private employer (3,500 employees*) in South Australia and is a part of the Peregrine Group of companies making it a part of the 11th largest private company in Australia – despite only operating out of SA. OTR started with a humble investment in Adelaide’s North-Western suburbs in 1984 and has swiftly grown to own over 150 sites.
The property can be acquired as a single investment or within a portfolio of four Service Stations.
INVESTMENT HIGHLIGHTS:
LESSEE: On The Run Pty Ltd
TERM: 15 years commencing 1 March 2020
OPTIONS: 10x5 years
INITIAL RENT:
OTR - $320,000 pa net (approx)
Subway - $30,000 pa net (approx)
(with annual 2.75% fixed reviews)
PROPERTY PORTFOLIO OPTION:
1 Mildred Street, Kapunda SA 5373
89 Military Road, West Beach SA 5024
303 Glen Osmond Road, Glenunga SA 5064
591 Grand Junction Road, Gepps Cross SA 5094
Expressions of Interest close 4pm Thursday 8th October 2020 (ACDT)
*approximately

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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