![]() Asset Class: | Retail |
![]() Price: | $ 12100000 |
![]() Net Yield: | 6.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
<p>Presenting a rare opportunity to secure a high-performing, 100% occupied neighbourhood shopping centre anchored by ALDI - Australia's #1 rated supermarket for seven consecutive years.</p> <p>This purpose-built retail asset constructed in 2017 comprises a total net lettable area of 2,286 sqm across 7 retail and medical tenancies, with 86.4% of income underpinned by recession-proof supermarket and medical tenants. The centre benefits from exceptional exposure to over 40,000 vehicles daily, being strategically positioned at the high-profile corner of Mt Lindesay Highway and Illaweena Street.</p> <p>Set on a substantial 8,648 sqm freehold corner site in Drewvale, the shopping centre features a strong tenancy profile spanning medical, food & beverage, and lifestyle operators, resulting in 100% occupancy and diversified income streams. The property offers significant value-add potential with only 26% site coverage and 135 on-site car parks, allowing for future upside through strategic development opportunities (STCA).</p> <p>Located just 17 km south of Brisbane CBD and within a rapidly growing residential catchment exceeding 100,000 residents, this investment is ideally positioned to benefit from Brisbane's continued population growth and the upcoming 2032 Olympic Games. The centre is situated within 750 metres of Stretton State and Calamvale Community College, combining to support 5,970 students, which drives consistent foot traffic to the centre.</p> <p>With an estimated net operating income of $724,443 pa + GST, this modern retail asset represents an attractive opportunity for investors seeking scale, stability, and strategic upside in one of Brisbane's most robust residential growth corridors.</p>
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<p>Drewvale is a rapidly growing suburb located just 17km south of Brisbane CBD in one of the city's most robust residential growth corridors. The area benefits from excellent connectivity via two major arterial routes - the Gateway and Logan Motorways - ensuring seamless access for both customers and deliveries.</p> <p>The shopping centre is strategically positioned at the high-profile corner of Illaweena Street and the Mount Lindesay Highway, providing exceptional exposure to over 40,000 vehicles passing daily. This prime location directly opposite Arcare Parkinson Aged Care facility ensures steady foot traffic from residents, staff, and visiting families.</p> <p>Educational facilities in close proximity include Stretton State College and Calamvale Community College, which together support approximately 5,970 students. These institutions drive consistent visitation to the centre and contribute to the area's strong family demographic.</p> <p>The surrounding area enjoys well-established retail hubs including Calamvale Central and Sunnybank Hills Shopping Centre, alongside ongoing residential development and infrastructure enhancements that continue to strengthen the catchment's viability and growth prospects.</p>
Additional Location Information File<p>The property is anchored by <strong>ALDI</strong>, Australia's #1 rated supermarket for seven consecutive years, which occupies the majority of the centre. ALDI has established itself as a global supermarket powerhouse with over 12,000 stores worldwide and operates 594 stores across Australia, directly employing more than 14,500 people.</p> <p>Since 2013, ALDI's revenue in Australia has increased by an impressive 149%, growing from $5 billion to $12.6 billion in 2025. The retailer has been awarded 'Australia's best supermarket' for the 7th consecutive year and is consistently rated as the best supermarket by customers due to its low-price model that delivers savings to consumers.</p> <p>The centre features a complementary mix of <strong>seven retail and medical tenancies</strong> including:</p> <ul> <li><strong>Sun Family Practice</strong> - Medical tenant on a 10-year lease with one 5-year option</li> <li><strong>Greenease</strong> - Medical tenant on a 5-year lease with one 5-year option</li> <li><strong>Belle Property</strong> - Real estate agency on a 5-year lease with one 5-year option</li> <li><strong>Garam Masala Indian Grocer</strong> - Food retailer on a 5-year lease with one 5-year option</li> <li><strong>Jo & Co Cafe</strong> - Food & beverage operator on a 5-year lease</li> <li><strong>Idealman Barber Shop</strong> - Lifestyle service on a 5-year lease with one 5-year option</li> <li><strong>Fast Cities Australia Charging Station</strong> - Infrastructure tenant on a 15-year lease to 2040</li> </ul> <p>This diverse tenant mix provides complementary services that drive cross-visitation while delivering a stable, recession-resistant income stream with 100% occupancy.</p>
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<p class="mb-4">The ALDI Shopping Centre Drewvale presents a compelling financial proposition with an estimated net operating income of $724,443 pa + GST. </p><p class="mb-4">The property generates gross income of $1,024,402 pa + GST, comprising $943,829 in passing income and $80,573 in recoverable outgoings.</p><p class="mb-4">Total expenditure amounts to $299,959, which includes statutory expenses of $107,554 and operating expenses of $192,405.</p><p class="mb-4">The asset features strong covenant tenants with well-structured leases. ALDI, as the anchor tenant, is on a 10-year lease with three 5-year options and annual CPI reviews capped at 4.0%, plus market reviews at the commencement of each further term capped at 6.0%. The remaining tenants feature similar structured leases generally on 5-year terms with one 5-year option and fixed annual 3% increases.</p><p class="mb-4">The investment offers significant tax advantages with estimated tax deductions of $5,854,000 over the asset's lifespan, enhancing after-tax returns for investors.</p>
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<p class="mb-4">Not applicable</p>
<p class="mb-4">TBD</p>
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<ul> <li>Purpose-built shopping centre anchored by ALDI supermarket, constructed in 2017 with significant tax depreciation benefits</li> <li>Substantial 8,648 sqm freehold corner site with prominent 190m combined frontage to Illaweena Street and Mt Lindesay Highway</li> <li>100% occupancy with diverse tenant mix including supermarket, medical, real estate, lifestyle, and food/beverage operators</li> <li>Strong covenant tenant in ALDI on a 10-year lease with three further 5-year options</li> <li>Exceptional income security with 86.4% of income underpinned by recession-proof supermarket and medical tenants</li> <li>Premium exposure to more than 40,000 passing vehicles daily</li> <li>Located in a booming Brisbane growth region with residential catchment exceeding 100,000 residents</li> <li>Situated within 750 metres of educational facilities supporting 5,970 students</li> <li>Significant upside potential with only 26% site coverage</li> <li>Generous on-site parking with 135 spaces</li> <li>Estimated net operating income of $724,443 pa + GST</li> <li>Set to benefit from Brisbane's continued growth and 2032 Olympic Games infrastructure</li> </ul>