Retail for Sale, 591 Grand Junction Road, North & North East Suburbs, 5094

Back to results

For Sale - Retail, Commercial

OPENING SOON - PREMIUM INVESTMENT WITHIN ADELAIDE’S TRANSPORT HUB

Highlights

Imminent Completion
Strong Lease covenant
Demanding catchment area

Overview

CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties. 591 Grand Junction Road, Gepps Cross is due to open imminently and will comprise SA’s most premium fuel tenant as well as Hungry Jacks under the Peregrine franchising agreement. The site is located in Adelaide’s industrial and transport heart, just 20 minutes* from the Adelaide CBD. This asset will cater perfectly to Adelaide’s major freight corridor. OTR (On The Run Pty Ltd) is the largest private employer (3,500 employees*) in South Australia and is a part of the Peregrine Group of companies making it a part of the 11th largest private company in Australia – despite only operating out of SA. OTR started with a humble investment in Adelaide’s North-Western suburbs in 1984 and has swiftly grown to own over 150 sites. The property can be acquired as a single investment or within a portfolio of four Service Stations. INVESTMENT HIGHLIGHTS: LESSEE: On The Run Pty Ltd TERM: 15 years commencing 1 March 2020 OPTIONS: 10x5 years INITIAL RENT: OTR - $295,000 pa (approx) Hungry Jacks - $150,000 pa (approx) (with annual 2.75% fixed reviews) PROPERTY PORTFOLIO OPTION: 591 Grand Junction Road, Gepps Cross SA 5094 89 Military Road, West Beach SA 5024 303 Glen Osmond Road, Glenunga SA 5064 1 Mildred Street, Kapunda SA 5373 *approximately

Less