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7-Eleven Smithfield - 109-117 McGregor Road

McGregor Road, Smithfield
POA
Price
3000sqm
Size
retail

Description

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)

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7-Eleven Smithfield - 109-117 McGregor Road | Nordmarq Property