 Asset Class: | Retail |
 Price: | $ 5400000 |
 Net Yield: | 6.00 % |
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. This high-calibre asset offers a secure income stream with a brand new five-year net lease to Petstock until 2029, complemented by two further five-year options extending to 2039.</p> <p>The property encompasses a substantial 1,727sqm net lettable area across four complementary retail tenancies including Petstock, Fitstop, Original Mattress Factory, and Country Care Group. Situated on a commanding 4,684sqm corner landholding with extensive 100m+ frontage to the Bruce Highway, the site captures exposure to over 30,000 vehicles daily.</p> <p>This strategic investment delivers robust financials with a net income of $340,281 per annum plus GST, underpinned by attractive lease structures featuring fixed annual increases between 2.5% and 3%. The tenant mix offers exceptional security with Petstock majority-owned by Woolworths Group ($67.9 billion in FY24 sales), Fitstop (Australia's fastest growing health and fitness brand with 200+ locations), Original Mattress Factory (one of Australia's largest sleep retail specialists), and Country Care Group (a leading healthcare equipment provider).</p> <p>The property's prime location within the new Gympie Commercial Precinct positions it within 500m of major national retailers including Bunnings, Mitre 10, BCF, Autobarn, Ampol, Harvey Norman, and others. Gympie itself sits at the heart of the booming Wide Bay Burnett Region, experiencing significant population growth and economic development.</p> <p>This investment represents a rare opportunity to secure a premium retail asset with strong tenant covenant, fixed income growth, and exceptional exposure in one of Queensland's key growth corridors.</p>
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<p class="mb-4">Strategically positioned 60km northwest of the Sunshine Coast and 145km north of Brisbane, Gympie serves as a vibrant commercial hub within the thriving Wide Bay Burnett Region of Queensland. The region 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 substantial growth, with forecasted population expected to reach 69,968 by 2046, representing a 25% increase from 2024. This positions Gympie among the top 25 growth regions in Australia over the past two decades.</p><p class="mb-4">The region benefits from a diverse and resilient economy underpinned by strong agriculture, forestry, and fishing sectors that generated $654 million in sales and contributed $300 million in value-added to the economy. This economic foundation, combined with Gympie's reputation as one of Queensland's premier agricultural districts, ensures ongoing prosperity and development.</p><p class="mb-4">The property's location within the new Gympie Commercial Precinct places it in immediate proximity to major national retailers including Bunnings, Mitre 10, BCF, Autobarn, Ampol, Harvey Norman, Chemist Warehouse, Silly Solly's, Totally Workwear and Burson Auto Parts, creating a thriving retail destination that attracts customers from throughout the region.</p>
Additional Location Information File<p>The property features four well-established retail tenants with strong business models operating in resilient industry sectors:</p> <p><strong>Petstock</strong> - Primary anchor tenant with a brand new 5-year lease to 2029 plus two 5-year options extending to 2039. Majority-owned by Woolworths Group, Australia's #1 retailer with sales of $67.9 billion in FY2024. Established in 1991, Petstock operates over 503 stores across Australia and New Zealand, with 2.4 million loyalty members. Occupies 587sqm of the property with $135,010 annual base rent and fixed 2.5% annual increases.</p> <p><strong>Fitstop</strong> - Founded in 2013, now one of Australia's fastest growing fitness franchises with over 200 locations. Secured by an 8-year net lease to April 2031 with two 5-year options to 2041. Occupies 314sqm with $78,826 annual base rent and fixed 3% annual increases. Received strategic investment from LIFT Brands to accelerate growth.</p> <p><strong>Original Mattress Factory (OMF)</strong> - One of Australia's largest sleep retail specialists with over 50 stores nationwide. Secured on a 5-year lease to June 2028 with one 5-year option to 2033. Occupies 479sqm with $117,860 annual base rent and fixed 3% annual increases. Acquired by Comfy Group in 2021.</p> <p><strong>Country Care Group</strong> - Leading healthcare equipment provider with over 80 locations nationwide. Operating on a 3-year lease to November 2027 with one 3-year option to 2030. Occupies 347sqm with $71,412 annual base rent and fixed 3% annual increases.</p>
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<p class="mb-4"><strong>Total Net Income: $340,281 per annum</strong> plus GST</p><p class="mb-4">Income is derived from four established retail tenants:</p><ul class="bullet-list"><li><p class="mb-4">Petstock: $135,010 base rent</p></li><li><p class="mb-4">Original Mattress Factory: $94,716 base rent</p></li><li><p class="mb-4">Fitstop: $63,654 base rent (document shows different figures between financial summary and lease summary)</p></li><li><p class="mb-4">Country Care: $67,900 base rent</p></li></ul><p class="mb-4"></p>
Additional Financial Information FileInitial Term:
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<p class="mb-4">Note: Not applicable</p>
<p class="mb-4">Note: be provided during DD</p>
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<ul class="bullet-list"><li><p class="mb-4">Brand new five-year net lease to Petstock until 2029 with options extending to 2039, providing income security</p></li><li><p class="mb-4">Anchored by Petstock, majority-owned by Woolworths Group - Australia's leading retailer with $67.9 billion in sales</p></li><li><p class="mb-4">Diversified income stream across four complementary retail tenancies with investor-preferred net lease structures</p></li><li><p class="mb-4">Prime 4,684sqm corner site with over 100m of highly visible frontage to the Bruce Highway</p></li><li><p class="mb-4">Exceptional daily exposure to more than 30,000 passing vehicles, maximizing visibility and accessibility</p></li><li><p class="mb-4">Strategic location within Gympie's new commercial precinct, surrounded by major national retailers</p></li><li><p class="mb-4">Attractive fixed annual rent increases of 2.5-3%, ensuring consistent income growth</p></li><li><p class="mb-4">Substantial 1,727sqm net lettable area with ample customer parking (50+ spaces)</p></li><li><p class="mb-4">Positioned in one of Queensland's top 25 growth regions with strong population projections</p></li><li><p class="mb-4">Secure tenant mix featuring established, growing businesses in resilient retail sectors</p></li><li><p class="mb-4">Strong net annual income of $340,281 plus GST providing healthy returns</p></li></ul>
