Stonebridge Property Group has been exclusively appointed to market ‘Petstock Kingaroy’, on behalf of leading Brisbane based developer Deluca, as part of its upcoming National Portfolio campaign.
Strategically positioned within Kingaroy’s primary retail and service precinct, the property has been purpose built as a pad site adjoining a high performing freestanding Bunnings. The asset occupies a highly visible corner location with direct access to the D’Aguilar Highway, benefiting from strong passing traffic and established retail amenity.
Kingaroy is the largest city in Queensland’s South Burnett region and underpins a diverse regional economy valued at $18.76 billion*, supporting long term tenant demand.
The property is situated on a substantial 2,539 sqm* freehold corner allotment and provides 32 car parks. Improvements comprise two modern concrete tilt panel buildings, purpose built for Petstock in 2021 alongside the neighbouring Bunnings.
The investment is underpinned by a brand new 7 year net lease to 2032, with options to 2046, and benefits from fixed 3% annual rental increases. The tenant, Petstock, is one of Australia’s dominant pet care retailers, operating a national network of 200+ locations and is majority owned by Woolworths.
Stonebridge Partner, Michael Collins, commented, “It’s rare to see an investment of this quality on a freehold lot directly adjoining Bunnings. The two assets share access from the D’Aguilar Highway and genuinely complement each other’s uses, which supports long term performance. Petstock’s confidence in the location is reflected in their decision to commit to a new 7 year net lease.”
Stonebridge Partner, Tom Moreland, added, “Nearly three quarters of Australian households own a pet, which goes a long way in explaining the strength and consistency of the sector and the appeal of well located assets such as this in Kingaroy, part of a thriving commercial and retail precinct led by Bunnings.”
‘Petstock Kingaroy’ is for sale via National Portfolio Auction on Thursday 19 February at 10:30am (AEDT).
For more information, please contact the team below:
Michael Collins | +61 404 023 204 | mcollins@stonebridge.com.au
Tom Moreland | +61 408 072 822 | tmoreland@stonebridge.com.au
Thomas Proberts | +61 439 588 019 | tproberts@stonebridge.com.au
Harry Curtain | +61 438 684 800 | hcurtain@stonebridge.com.au
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