Stonebridge is pleased to present IGA Dubbo (freehold interest only) for sale via Immediate Offers to Purchase.
The asset has the following key investment features:
- Anchored by 5 year net lease to 2027 + options to 2047, with fixed 3% annual rent increases
- IGA – Largest independent supermarket chain globally (est. 1926), with 6,000+ stores across 30 countries and supplied by ASX-listed giant Metcash
- Well-configured 1,973 sqm* landholding, improved by freestanding supermarket & shop, with 22 dedicated at-grade car parks
- Prominent retail site boasting 40 metres street frontage and adjacent major intersection on key freight routes, Mitchell and Newell Highway (20,000+ heavy vehicles daily)
- Rare entry-level supermarket investment with longstanding tenant since 1977
- Central location nearby national retailers including Shell Coles Express, Bottle-O, BP and Ibis Hotel, plus unique position set to benefit from $220 million ‘Dubbo Bridge’, bypassing the retail centre and driving traffic into west Dubbo
- Defensive income stream anchored by non-discretionary tenant, with sought after combination of 3% and CPI annual rent increases
- Dubbo – Dynamic regional powerhouse boasting $9.6Bn* economy and 1.65 million visitors annually, with population set to boom 20% by 2041
- Attractive Net Leases - tenants pay all usual outgoings including Rates, Insurance and general Repairs & Maintenance
- Lease’ secured by personal Guarantee’s, Bank Guarantee, and significant Security Deposit
- Net Income $183,412 pa* + GST
‘IGA Dubbo (freehold interest only)’ is for sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 850