Stonebridge, in conjunction with RWC Adelaide, is pleased to present ‘RSEA Munno Para (Adelaide) for sale via expressions of interest closing Thursday 30 May 2024 at 3pm (AEST).
The asset has the following key investment features:
- Brand new 8 year net year leases to 2032 + options with fixed annual increases up to 3.5% and 75% of income secured to market leading national tenant
- RSEA – Largest independent safety retailer in the country with an international network spanning 85+ stores and 800+ employees across Australia & New Zealand
- Brand new building (completed April 2024) provides outstanding tax depreciation benefits and minimal capex requirement over the long term
- Commanding 4,011 sqm* improved by newly constructed 1,906 sqm* concrete tilt panel building with prominent signage and 48 on-site car parks
- Strategic location directly adjoining newly developed BCF, Sydney Tools, Petbarn and Zambrero outlets, plus additional automotive and fast food development occurring on neighbouring lot
- Exceptional access located only 100*m to the junction of Curtis Road & Main North Road (42,400+ vehicles daily), a major four lane arterial providing access to the Adelaide CBD, only 30km away
- Key growth corridor position nearby Munno Para’s $1 billion ‘Playford Alive’ urban renewal residential project and Town Centre, set to accommodate 40,000+ new residents on completion and driving Munno Para’s forecast 200% population growth to 2046
- Adelaide is the economic powerhouse of South Australia, contributing to over 80% of South Australia's $128 billion Gross State Product
- Net Income $386,730 pa* + GST
‘RSEA Munno Para (Adelaide)’ is for sale via expressions of interest closing Thursday 30 May 2024 at 3pm (AEST).
Please contact the exclusively appointed Stonebridge and RWC Adelaide agents for more information.
*Approximately
Property Code: 939