High performing Coles Supermarket located in the Wheatbelt Region of Western Australia launches to market this week
Colliers are excited to present for sale Coles Narrogin, a rare opportunity to acquire a high performing Coles Supermarket paying percentage rent located in the Wheatbelt Region in Western Australia.
The Coles Supermarket investment is located at 7 & 15 Ensign Street, Narrogin, Western Australia is exclusively brought to market by Colliers Head of Retail Middle Markets, Australia James Wilson and State Chief Executive, Western Australia Richard Cash, who anticipate a significant amount of interest.
As the only full-line national supermarket within a 90-kilometre radius holding a dominant market position, reinforcing Coles’ stronghold in the region.
Mr. Wilson said, “Strategically located, Coles Narrogin stands as the only national full-line supermarket within a 90-kilometre radius, serving as an essential hub for local residents. With a long WALE of over 8 years by GLA and income, investors can expect a secure and consistent income stream.”
Coles Narrogin is a single-level, freestanding Coles supermarket with a total gross lettable area (GLA) of 3,133m²*. The Centre is supported by an on-grade car park providing approximately 69 car parking spaces on title and ample street parking.
“Coles has a well-established presence in Narrogin, having traded onsite for over 20 years, showcasing a longstanding tenure. The property’s low occupancy cost of just 2.1% highlights impressive profitability, making it a lucrative investment. Furthermore, minimal management is required, as 100% of the income and GLA are secured by Coles Group, a top 30 ASX-listed company. The property also features 69 at-grade car parking spaces on title, along with ample street parking, ensuring convenience for shoppers.” Mr Wilson added.
Narrogin is a well-established regional hub, acting as a key service centre for surrounding Wheatbelt towns. The town benefits from excellent connectivity via the Great Southern Highway and the Albany Highway, providing seamless access to Perth and major regional centres.
Mr Cash said “Western Australia’s Wheatbelt region is the State’s agricultural heartland. The regions proximity to the metropolitan area, easy access to key transport routes and availability of land suitable for industrial purposes makes it an ideal location to cater for the growing regions essential services and key investment opportunity in Coles Narrogin.”
“The property benefits from a secure 15-year lease to National tenant Coles and benefits from a core market as the only national full-line supermarket within a 90-kilometre radius.”
This exciting opportunity to acquire a high performing Coles Supermarket is being exclusively marketed via an Expressions of Interest (EOI) campaign, closing 2:00pm (AWST) on Wednesday, 12 March 2025.
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