For Sale
Premium Highway Service Centre – Anchor Leases to Retail Giants BP & Red Rooster
1 Spring Street, South Grafton NSW
Stonebridge is pleased to present 'BP & Red Rooster South Grafton' for sale via Immediate Offers to Purchase.
The asset has the following key investment features:
- 100% Leased highway service centre – anchored by head company leases to national tenants BP & Red Rooster
- BP – Head company lease to global fuel & energy company BP, listed on London Stock Exchange (LSE: BP) and NYSE (NYSE: BP) operating 18,000+ locations worldwide
- BP – 15 year lease to 2030 plus options to 2040 with favourable CPI annual increases
- Red Rooster – Renewed 5 year lease to 2030 plus options to 2040 with fixed 3% annual increases
- Red Rooster – National fast food operator and Australia’s original chicken shop, owned by Craveable Brands and part of 580+ location network
- High-volume fast food and convenience retail service centre positioned at the junction of three significant trade routes
- Expansive 3,066 sqm* corner site boasting 120m* of dual street frontage and multidirectional access via three dual crossover driveways
- Modern improvements providing strong depreciation benefits and dual skinned fibreglass tanks
- Prime location in Grafton’s key retail precinct, directly opposite Bunnings, McDonald’s, Hungry Jack’s, BCF and Autobarn, plus near Supercheap Auto, Petstock and Coles
- Strong retail catchment only 1.4 km* from Grafton CBD and Grafton Shopping World, which welcomes over 4.2 million visitors annually*
- Grafton – Key city in the NSW Northern Rivers region and major contributor to its thriving $17.3 billion* economy, over $1.35 billion* in publicly funded projects underway
- Net Income $587,012 pa* + GST
*Approximately
'BP & Red Rooster South Grafton' is for sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Stonebridge property professionals for more information.