![]() Asset Class: | Retail |
![]() Price: | $ 5400000 |
![]() Net Yield: | 6.10 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<p>On offer is a fully-leased freestanding LFR investment in the thriving Gympie region that comes anchored by Petstock, a Woolworths subsidiary, plus another 2 major tenants with all on long leases.</p> <p>This strategic 4,684sqm corner landholding offers high exposure with over 100m of multi-retail frontage to the Bruce Highway, capturing the attention of more than 30,000 vehicles passing daily. The property features a total net lettable area of 1,727sqm split across four complementary retail tenancies with solid lease covenants.</p> <p>The investment is underpinned by a five-year net lease to Petstock until 2029, with two further five-year options extending to 2039. Supporting this anchor tenant are established businesses including Fitstop with an eight-year net lease to 2031, Original Mattress Factory with a five-year lease to 2028, and Country Care Group with a three-year lease running to 2027.</p>
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<p class="mb-4">Strategically positioned 60km northwest of the Sunshine Coast and 145km north of Brisbane CBD, Gympie serves as a vital hub within Queensland's Wide Bay Burnett Region. The town enjoys excellent connectivity via the Bruce Highway, providing seamless access to the Fraser Coast in the north and Brisbane to the south.</p><p class="mb-4">Gympie is experiencing significant residential population growth, with forecasts indicating an impressive 25% increase from current levels to reach 69,968 residents by 2046. This positions the region among Australia's top 25 growth areas over the past two decades.</p><p class="mb-4">The local economy demonstrates remarkable resilience through its diverse foundations. The agricultural, forestry, and fishing sectors generate substantial economic activity, producing $854 million in sales and contributing $300 million in value added annually. This established economic base is complemented by Gympie's growing reputation as one of Queensland's premier agricultural districts.</p><p class="mb-4">The region further benefits from its proximity to the Sunshine Coast, functioning as a strategic spillover location for both housing and business expansion. With median house prices rising 11.2% in the past year to $556,000, the area presents compelling value relative to coastal markets while maintaining accessibility to major centers.</p>
Additional Location Information File<p><strong>Petstock</strong> - The anchor tenant is majority owned by Woolworths Group (55% acquisition completed January 2024), Australia's #1 retailer with sales of $67.9 billion in FY2024. Established in Victoria in 1991, Petstock has grown to a network of over 503 stores across Australia and New Zealand, including retail stores, vet clinics and grooming salons. The business is secured on a brand new five-year net lease to November 2029 with two further five-year options extending to 2039.</p> <p><strong>Fitstop</strong> - Founded in Australia in 2013, Fitstop has rapidly expanded to become one of Australia's fastest growing fitness franchises with over 200 locations internationally. The company secured strategic investment from LIFT Brands in 2022 to accelerate its expansion. Fitstop occupies the premises on an eight-year net lease to April 2031 with two further five-year options to 2041.</p> <p><strong>Original Mattress Factory (OMF)</strong> - One of Australia's largest sleep retail specialists with over 50 stores nationwide, OMF was acquired by Comfy Group in 2021. The company operates on a direct-from-factory business model, eliminating middlemen to offer quality mattresses at competitive prices. OMF holds a five-year net lease to June 2028 with one further five-year option to 2033.</p> <p><strong>Country Care Group</strong> - A leading provider of healthcare equipment solutions with over 80 locations nationwide, Country Care offers a comprehensive range of healthcare products including mobility aids and home care equipment. The business was acquired by Next Capital in December 2022 and occupies the premises on a three-year lease to November 2027 with one further three-year option to 2030.</p>
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<p class="mb-4">The property delivers a robust net income of <strong>$340,281 per annum plus GST</strong>, derived from four established retail tenancies with varying lease terms and built-in growth mechanisms.</p><p class="mb-4">The income distribution across tenants provides excellent diversification:</p><ul class="bullet-list"><li><p class="mb-4">Petstock: $135,010 pa + GST (39.7% of income)</p></li><li><p class="mb-4">Fitstop: $78,826 pa + GST (23.2% of income)</p></li><li><p class="mb-4">Original Mattress Factory: $117,860 pa + GST (34.6% of income)</p></li><li><p class="mb-4">Country Care Group: $71,412 pa + GST (21.0% of income)</p></li></ul><p class="mb-4"></p>
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<p class="mb-4">Not Applicable</p>
<p class="mb-4">No rental comparison</p>
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<ul> <li>Premium corner position with over 100m of highway frontage and exposure to 30,000+ daily vehicles</li> <li>Anchored by Petstock – majority owned by Woolworths Group with brand new 5-year lease plus options to 2039</li> <li>Diversified income streams across four complementary retail tenancies</li> <li>Strong covenant tenants including rapidly expanding Fitstop fitness brand with 200+ locations</li> <li>Secured income with fixed annual increases of 2.5% and 3%</li> <li>Investor-friendly net lease structure with tenants responsible for outgoings</li> <li>Strategic location within 500m of major national retailers in new Gympie Commercial Precinct</li> <li>Freestanding 1,727sqm building on generous 4,684sqm site with 50+ car spaces</li> <li>Located in Queensland's Wide Bay Burnett Region – a key growth corridor with projected 25% population increase by 2046</li> <li>Reliable net income of $340,281 pa + GST providing attractive returns</li> </ul>