Modern retail centre
We helped our client secure and complete all the due diligence on this modern retail centre. The asset incorporates three (3) national and chain brand tenancies including Supercheap Auto, Prices Plus and Domino’s Pizza plus an Amazon storage locker. The centre features a strong lease expiry profile (WALE) of over 5 years by income with all tenants secured on net leases. This is our valued client’s first purchase with Rethink Investing.
They are successful businessmen who are looking to set up a passive income independent of their business. Their requirements were to target low-risk and high-quality commercial properties that would produce strong rental growth over time. This asset ticked all the boxes.
report, bank fees)
Purchasing Costs
Key Highlights
• Building Area: 1,545m2
• NLA: 5,914m2
• 100% leased investment, all being national and chain traders – Supercheap Auto (300+ stores); Prices Plus (30+ stores) Domino’s (860+ stores)
• Very strong rental growth build into leases (CPI+1.5% annually)
• Strong lease profile (WALE) – The centre features a WALE of 5.1^ years by income
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
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