Rare Triple Net Lease to Viva Energy Group Limited
154-156 Churchill Street (Bruce Highway), Childers QLD
Secure 10 year triple net lease to 2026 plus seven further 10 year options to 2096.
Viva Energy Group Limited (ASX: VEA), a blue-chip $2.8 billion ASX-listed company and Shell’s Australian licensee with over 1,300 retail fuel sites across Australia**.
Viva Energy control 24% of Australia’s retail fuel market, with sales volume up 28% since June 2020.
Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.
Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 2,380 sqm* Bruce Highway corner site with 78 metres combined street frontage, opposite McDonald’s restaurant and drive-thru.
Important convenience fuel and retail location between Childers main shopping strip and the Woolworths anchored shopping center.
Childers: Strategic regional city within the emerging Bundaberg Region, with over $4.2 billion in capital projects under planning or construction and a population growth of 42% by 2041***
Strategic essential service investment.
Rent $122,387 pa + GST
To be sold by Investment Portfolio Auction:
10:30 am AEDT
Wednesday 31 March 2021
Southbank, Crown Casino, Melbourne
One other Viva Energy/Shell freehold investments also available.
Contact sales team for more details.
***Bundaberg Regional Council
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.