7-Eleven, 289 Turton Road,
New Lambton, NSW 2305
Shops & Retail • Showrooms & Large Format Retail • Other
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Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh StreetSYDNEY, NSW 2000
7-Eleven, 289 Turton Road
New Lambton, NSW 2305
Map of 7-Eleven, 289 Turton Road
Renewed 10 Year Lease to a High Performing 7-Eleven – Directly Across from Major Newcastle Sporting Stadium
- Renewed 10 year lease to 2034 + options
- Next to McDonald Jones Stadium
- Net Income: $375,220 pa* + GST
Burgess Rawson is pleased to offer to the market 7-Eleven New Lambton (Newcastle) located at 289 Turton Road, New Lambton NSW for sale via Private Treaty.
This opportunity has the following key investment highlights:
+ Renewed 10 year lease to 2034 plus options through to 2044
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC operating 46,000+ sites
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Tenant pays all usual outgoings as per the lease
+ Rare and highly exposed position next to McDonald Jones Stadium, largest sports stadium in Newcastle and a Newcastle icon with 350,000+ visitors in 2024
+ Strategic 2,032sqm* main road corner site with 84m* combined frontage to Turton Road and Young Road, two high traffic Lambton thoroughfares
+ New Lambton: highly sought-after inner-city Newcastle suburb, 7km to Newcastle CBD with a greater population of 175,000+* people
+ 7-Eleven New Lambton benefits from the Broadmeadow Place Strategy introducing 20,000 new homes and 15,000 new jobs within a 2 km* radius
+ Net Income: $375,220 pa* + GST
To be sold via Private Treaty
Please contact the exclusively appointed sales team for more information
*Approx
This opportunity has the following key investment highlights:
+ Renewed 10 year lease to 2034 plus options through to 2044
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC operating 46,000+ sites
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Tenant pays all usual outgoings as per the lease
+ Rare and highly exposed position next to McDonald Jones Stadium, largest sports stadium in Newcastle and a Newcastle icon with 350,000+ visitors in 2024
+ Strategic 2,032sqm* main road corner site with 84m* combined frontage to Turton Road and Young Road, two high traffic Lambton thoroughfares
+ New Lambton: highly sought-after inner-city Newcastle suburb, 7km to Newcastle CBD with a greater population of 175,000+* people
+ 7-Eleven New Lambton benefits from the Broadmeadow Place Strategy introducing 20,000 new homes and 15,000 new jobs within a 2 km* radius
+ Net Income: $375,220 pa* + GST
To be sold via Private Treaty
Please contact the exclusively appointed sales team for more information
*Approx
Property ID: 504701400Last Updated: 17 Nov 2024
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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