BRAND NEW SERVICE CENTRE ON CNR OF GATEWAY MOTORWAY ON RAMP & LOGAN ROAD
2660 Logan Road, Eight Mile Plains QLD 4113
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Block size: 3007 m² approx.
On behalf of the CBRE Queensland Retail Investments team, we are delighted to present this rare opportunity to purchase a brand new Brisbane metropolitan service centre anchored by some of the biggest names in their respective industries, 7-Eleven and Subway. The property is located at 2660 Logan Road, Eight Mile Plains QLD.
This compelling investment opportunity offers the following key attributes:
- Dominant corner position, less than 14km* to the Brisbane CBD;
- Long WALE 10.9* years (by income);
- Income growth via strong net leases with annual increases;
- Substantial depreciation benefits from brand new construction;
- Security of income with the centre 91% occupied by leading national tenants;
- Anchored by 7-Eleven, the largest convenience and petrol retailer in Australia with more than 650 stores;
- Prominent location with significant frontage to 44,000* cars daily on a major arterial road and Gateway Motorway entrance; and
- $406,145 pa* net passing income as at 1 July 2019.
THE PROPERTY IS FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING 8 AUGUST 2019 AT 4PM (AEST)
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Darren Collins to learn more about this property, request an inspection or take an online tour.
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Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.