Stonebridge is pleased to present Repco Cairns for sale via Immediate Offers to Purchase.

The asset has the following key investment features:

• Renewed 5 year head company net lease to 2029 with bi-annual CPI rent increases – Repco in occupation for 25+ years
• GPC Asia Pacific (Repco) – Automotive parts retailer wholly owned by Fortune 200 NYSE listed GPC (NYSE: GPC) with $28.8Bn market capitalisation, boasting network of 2,800+ stores including brands Repco, AMX & NAPA
• High profile location with direct access to Mulgrave Road, benefitting from exposure to 32,413+ vehicles daily*
• Prime position in core retail precinct opposite Coles and Cairns DFO Shopping Centre (2.4m visitors pa*), 2 km* from Cairns CBD
• Large 1,227 sqm* site with 12 car parks, improved by modern concrete tilt panel asset with recent capital expenditure including new air conditioning
• Surrounded by a plethora of national retailers including Spotlight, The Good Guys, AMX, Dan Murphy’s, Hungry Jack’s, Petstock, Petbarn & more
• Cairns – One of Australia’s largest regional cities boasting a significant $10.3Bn* economy, with population set to exceed 322,000+ by 2046*
• Favourtable Net Lease structure – tenant pays all usual outgoings excluding Land Tax
• Net Income $220,434 pa* + GST

*Approximately

Repco Cairns is for sale via Immediate Offers to Purchase.

Please contact the exclusively appointed Stonebridge property professionals for more information.