Kmart Bairnsdale 598-610 Main Street, Bairnsdale,
Bairnsdale, VIC 3875

Colliers is pleased to exclusively present for sale a 100% interest in Kmart Bairnsdale, a brand new, freestanding retail investment secured by Wesfarmers, located in the East Gippsland Shire approximately 280km east of the Melbourne CBD.

Kmart Bairnsdale boasts a long WALE of 9.5 years and represents the only full-line Discount Department Store (DDS) within a 66km* radius, servicing far beyond its local catchment.

The asset occupies a strategic 1.56-hectare gateway site upon entry to Bairnsdale with direct exposure to Main Street, an arterial thoroughfare transporting over 7.67 million vehicles annually. With a GLA of 5,211 sqm* and 194 titled at-grade car bays, Kmart Bairnsdale is the go-to shopping destination within its local catchment of 45,120 persons.

Investment Highlights:

• 100% leased to ASX Top 10 Covenant Wesfarmers
• Extremely rare net lease to Kmart Australia Pty Ltd
• Secure long term 9.5-year lease with options to 2062
• Brand new development with attractive depreciation benefits
• Only full line Discount Department Store in the Main Trade Area
• Direct access to 194 at-grade car parking bays
• 50% regional stamp duty concession
• Direct exposure to 7.67 million vehicles via Main Street
• Low site coverage providing high potential development upside
• Attractive turnover rent structure

*Approximately

Please contact the exclusive marketing agents for more information.

Tim McIntosh | 0488 320 0...
James Wilson | 0402 079 3...