CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties.
1 Mildred Street, Kapunda is a 24 hour retailer in the town of Kapunda. This multi-tenanted asset sits on the main thoroughfare linking the outskirts of Adelaide to one of the Murray River’s most popular holiday destinations. The property has a long-term lease to On The Run and Subway (as part of the OTR franchising agreement).
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.
LESSEE: On The Run Pty Ltd
TERM: 15 years commencing 1 March 2020
OPTIONS: 10x5 years
OTR - $320,000 pa net (approx)
Subway - $30,000 pa net (approx)
(with annual 2.75% fixed reviews)
PROPERTY PORTFOLIO OPTION:
1 Mildred Street, Kapunda SA 5373
89 Military Road, West Beach SA 5024
303 Glen Osmond Road, Glenunga SA 5064
591 Grand Junction Road, Gepps Cross SA 5094