Colliers are excited to present an opportunity to acquire a brand-new 100% fully leased neighbourhood convenience centre in the heart of Richlands, approximately 19 kilometres southeast of Brisbane CBD.

The strategically positioned 1,687m² Neighbourhood Shopping Centre is anchored by national tenants KFC, Hoppy’s Carwash, Café 63, and supported by 8 additional complimentary tenants. Richlands Marketplace offers investors the rare opportunity to acquire a recently constructed Centre offering significant depreciation benefits with future upside via sub-division sell-down (STCA).

Richlands Marketplace features a long WALE of 8.01 years by GLA and 7.89 years by Income underpinned by a secure income profile with 73% of income secured by national or chain tenants. The Centre occupies a dominant corner position on the intersection of Garden Road and Government Road providing significant exposure to 30,000*¹+ cars that pass per day.

Key Investment Highlights Include:
• 73% of the income is secured by national tenants or chain tenants
• Attractive net lease structure with guaranteed annual rental growth with minimum reviews ranging from 3% to CPI + 1%
• Long WALE of 8.01yrs* by GLA and 7.89yrs* by Income
• High profile corner site with 200m of street frontage with 30,000* cars passing per day¹
• Recently constructed in 2023 with significant potential depreciation benefits
• Located in growth corridor with forecasted annual population growth of 3.08% until 2041²
• Immediate upside potential by sub-diving and divesting Pad Sites Individually (STCA)³

Expressions of Interest closing 2.00pm (AEST) on Thursday, 22 August 2024


¹ AADT Segment Report
² Mecone Mosaic
³ Subject To Council Approval
*approx.