New 12 year lease to Starbucks Coffee Australia, one of 55 stores in Australia and 30,000 globally.
Starbucks Coffee Australia is a division of The Withers Group, owners of 7-Eleven Australia; a blue-chip national retailer with over 765 stores combined.
Net lease terms with the tenant responsible for council rates, water rates, insurance, repairs and maintenance.
Annual compounding 3% rent increases.
Strategic Logan Motorway corridor location alongside Bridgestone, United Petroleum and more.
Surrounded by many of Brisbane’s most important logistics facilities (Charter Hall, GPT, Frasers, Toll, Google, DHL, Metcash, JB Hi-Fi, Sigma Pharmaceuticals, Michelin, John Deere, Mitre 10, Lion Drinks and Dairy, Rinnai and Penrite Oil) and a Woolworths shopping centre.
Gateway 1,982 sqm* corner site with 44 metre frontage to Browns Plains Road and 21* onsite car spaces.
Brand new drive thru store, opened on 12 November 2020.
Major tax depreciation benefits with 48% of year 1 rent potentially tax deductible**.
Logan: Local population forecast to grow by 50% to 500,000 by 2036***, attracting $1.7 billion in industrial development in the last 18 months****.
Estimated net rent: $157,580 pa
To be sold by Burgess Rawson Investment Portfolio Auction:
10.30am AEDT, (9.30am Brisbane time) Wednesday 9 December 2020.
(Bridgestone and Sparkles Car Wash freehold investments also available for purchase separately on the day.)
*Approx
**Napier and Blakeley
***Logan City Council
****Urban Developer
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