Perth

7-Eleven Mandurah sale to fuel strong buyer interest

A brand new 7-Eleven service station and convenience store currently under construction in Mandurah is being offered for sale via CBRE’s National Premium Property Portfolio Auction platform.

09 May 2018

A brand new 7-Eleven service station and convenience store currently under construction in Mandurah is being offered for sale via CBRE’s National Premium Property Portfolio Auction platform.

Due for completion in June 2018, the new 7-Eleven service station and convenience store represents an attractive retail investment opportunity.

The property is located in a high traffic location on the corner of Pinjarra Road and Parkview Street, and 600m west of Mandurah Forum Shopping Centre, which recently underwent a $350 million redevelopment and expansion. 

The property is underpinned by a 15-year lease with a further four five-year options to 7-Eleven Stores Pty Ltd - offering a commencing net income of $345,000 per annum, with 3% fixed rental growth annually. 

CBRE’s Ben Younger, Richard Cash and Joseph Du Rieu have been appointed to market the 7-Eleven on behalf of South Australian based developer, Emmett Property. 

Mr Younger said the property’s strong tenancy profile would attract buyer interest from local and national investors. 

“With a new 15-year lease in place to 7-Eleven, this property represents an outstanding opportunity to acquire a secure, income-producing asset in one of the state’s key regional markets,” Mr Younger said.

CBRE’s Mr Cash said the property’s location would also underpin strong buyer interest. 

“With a high profile corner location close to a well-established shopping centre, this property will benefit from exposure to a high level of traffic each day, which will help ensure its success as a retail operation,” Mr Cash explained. 

The National Premium Property Portfolio Auction is to be held on Thursday 31st May from 6.00pm at the Zagame Automotive Head office level 1, 430 Swan Street, Richmond and telecast live to CBRE offices nationally. 
 
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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.