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Jones Real Estate and Stonebridge Property Group are pleased to present '7-Eleven Epping Service Centre' for sale via Expressions of Interest closing on Thursday 10th April at 3pm (AEST).
Located at the heart of Melbourne's northern growth corridor, the property is a high-profile fuel and convenience retail offering located at the intersection of key major arterials, O'Herns & Edgars Road. Underpinned by long term leases to globally recognised tenants, 7-Eleven, Oporto and Starbucks, the property offers long term fixed rental growth via fixed 3% increases.
Key features of this investment include:
- Long term 12 and 13-year net leases to trophy covenants 7-Eleven, Starbucks & Oporto.
- Boasting a net income of $737,618 per annum + GST.
- 11.7 year WALE with vendor favoured 3% fixed annual rental increases across all three tenancies.
- High profile 5,624 sqm* landholding boasting strong corner frontage to both O'Herns and Edgars Road and is supported by Comprehensive Development Zoning.
- The 7-Eleven component to the build features 4 pump islands and 8 fuel terminals under a high freestanding canopy, as well as state of the art underground infrastructure fuel delivery system.
- Modern convenience retail and fast food with drive thru capabilities, built in 2024, providing significant depreciation benefits.
- Located in one of Australia's fastest growing municipalities, the City of Whittlesea population forecast has an expected 56.27% growth by 2041.
*Approx.
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Remember to mention you found this property on CommercialReady
Jones Real Estate and Stonebridge Property Group are pleased to present '7-Eleven Epping Service Centre' for sale via Expressions of Interest closing on Thursday 10th April at 3pm (AEST).
Located at the heart of Melbourne's northern growth corridor, the property is a high-profile fuel and convenience retail offering located at the intersection of key major arterials, O'Herns & Edgars Road. Underpinned by long term leases to globally recognised tenants, 7-Eleven, Oporto and Starbucks, the property offers long term fixed rental growth via fixed 3% increases.
Key features of this investment include:
- Long term 12 and 13-year net leases to trophy covenants 7-Eleven, Starbucks & Oporto.
- Boasting a net income of $737,618 per annum + GST.
- 11.7 year WALE with vendor favoured 3% fixed annual rental increases across all three tenancies.
- High profile 5,624 sqm* landholding boasting strong corner frontage to both O'Herns and Edgars Road and is supported by Comprehensive Development Zoning.
- The 7-Eleven component to the build features 4 pump islands and 8 fuel terminals under a high freestanding canopy, as well as state of the art underground infrastructure fuel delivery system.
- Modern convenience retail and fast food with drive thru capabilities, built in 2024, providing significant depreciation benefits.
- Located in one of Australia's fastest growing municipalities, the City of Whittlesea population forecast has an expected 56.27% growth by 2041.
*Approx.
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Remember to mention you found this property on CommercialReady
7-Eleven Service Centre Epping, 181 O'herns Road, Epping, VIC, 3076
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