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Thornton Shopping Centre
Cnr Thomas Coke Drive & Taylor Avenue, Thornton NSW
Investment Highlights
- Supercharged trade area with population growing at 5.1% p.a. from 2017-2021^
- Outstanding sales growth with Coles MAT growing at 7.6% compound p.a. since 2002^^
- Average Household Income in the Primary Trade Sector 50% above the non-metro NSW average^
- Supermarket performance and trade area growth would support expanded supermarket offering^
- Strongly performing non-discretionary tenancy mix combined with Coles continued growth and turnover rent
- Town centre location surrounded by community facilities, at the top of the local plan’s retail hierarchy
- Positioned 500m* from the train station and 25km* from the Newcastle CBD, in the heart of the Greater Hunter Region
- Adjoining council owned land is under-utilised and may present a long-term opportunity to create an integrated town centre
- Estimated fully leased net income of $2.05m p.a.*
*Approximate
^Location IQ Market Potential Report, August 2017
^^Stonebridge, estimate