Stonebridge is pleased to present Fast Food & Retail Centre Mackay for sale via Expressions of Interest closing Thursday 17 October at 3pm (AEDT).
The asset boasts the following key investment features:
- 100% leased retail centre boasting longstanding and strong performing tenants
- Subway - 7 year net lease to 2028 + options – World’s largest sandwich chain across 44,000+ locations (longstanding tenant of 17+ years)
- Gloria Jeans - 8 year net lease to 2029 + options - Globally recognised café chain in 50+ countries, operating 200+ stores in Australia (longstanding tenant of 8+ years)
- Highly exposed 1,988 sqm* corner site with 27 on-site car parks and dual street access
- Key retail precinct location home to IGA, Chemist Warehouse, Domino's, Liquorland & Puma Energy
- Prominent position along Evans Avenue, directly adjoining to the CBD via Sydney Street, carrying 26,900+ daily vehicles*
- Mackay - Thriving regional centre possessing a diverse $22.3 Billion* economy and home to 125,000+ residents, forecast to grow 28% by 2041*
- Secure income growth profile via Net Leases and 2%, 3% & CPI annual rent increases
- Net Income $259,766 pa* + GST
Fast Food & Retail Centre Mackay is for sale via Expressions of Interest closing Thursday 17 October at 3pm (AEDT).
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 1077