Colliers and Stonebridge List Metro Brisbane Freestanding Repco Max Asset in Growth Corridor

Strong demand anticipated for Capalaba site from investors seeking resilient large format retail assets

A high-profile freestanding retail property in Capalaba, backed by a Fortune 500 NYSE-listed company, has been listed for sale, offering a secure, long-term investment opportunity in one of Brisbane’s most established and high-performing retail corridors.

Strategically located at 72–74 Redland Bay Road, the property sits near the major arterial intersection of Redland Bay Road and Moreton Bay Road in Capalaba, benefiting from exposure to more than 69,000 vehicles daily.

The asset is fully leased to Repco Max, the newest flagship store from the automotive retail leader. The store, which opened just two weeks ago, is operated by a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC)—a Fortune 500-listed global conglomerate.

The property is being offered for sale via Expressions of Interest, managed by Colliers agents Harry Dever and Tim McIntosh, in conjunction with Stonebridge Property Group agents Rorey James, Kevin Tong, and Tom Moreland.

Colliers QLD Retail Middle Markets Expert Harry Dever said “Strong interest is expected from local, interstate and off-shore private investors as well as institutional investors for Repco Max Capalaba, presenting a rare opportunity to acquire a high-performing retail asset in a tightly held corridor,” said Harry Dever.

“The property delivers strong income security, backed by a blue-chip tenant covenant, and benefits from the strong underlying land value in a high-exposure metropolitan location.”

“With a brand-new 9.5-year WALE by income and area, and a prized net lease structure with land tax being recoverable, this investment offers true inflation resilience. Fixed annual increases of 3.25% ensure consistent income growth,” he added.

Stonebridge Partner, Tom Moreland said “Redland City was forecast to grow significantly, with the population expected to reach 211,500 by 2041, which is an increase of 41,000 residents from the 2024 estimated population. “

“The Capalaba property is particularly well-positioned to benefit from South East Queensland’s rapid population growth and major infrastructure investment in the lead-up to the 2032 Brisbane Olympic Games.”

“The area is undergoing a $250 million revitalisation project, enhancing the local environment and increasing demand for both retail and residential services, further strengthening the asset’s appeal.”

Colliers VIC Retail Middle Markets Expert Tim McIntosh said “The listing comes amid a significant surge in investor demand for large format retail assets.

“In Q1 2025, national large format retail transactions totalled $434 million across 10 deals which is a 246 per cent increase compared to the same period in 2024,” Tim McIntosh said.

“Demand for large format retail remains elevated due to the sector’s resilience, limited new supply and strong performance metrics that are driving attractive rental growth,” he added.

Repco Max occupies a significant landholding of 4,865sqm and a newly refurbished, fully leased large format retail showroom across 1,924sqm and 52 on-grade car bays. Repco’s extensive network includes 487 stores across Australasia, with 313 stores in Australia, supporting robust brand recognition and customer loyalty.

Stonebridge Partner, Rorey James Said: “Market pricing continues to firm for well-leased large format retail investments, evidenced by the sector’s active start to 2025. Recent transactions of assets such as Officeworks Nailsworth SA (5.00% yield) and Dan Murphy’s Mt Barker SA (5.21%) is evidence of the premiums investors are willing to pay for assets of this standard.”

Repco Max Capalaba enjoys dual street frontage and prominent exposure to Redland Bay Road and Moreton Bay Road, with 69,000 vehicles passing daily. This strategic location guarantees high visibility and strong customer traffic. Located less than 250 meters from Capalaba Park and Capalaba Central Shopping Centres, the property is at the northern edge of Capalaba’s tightly held industrial precinct, benefiting from strong passing trade and high traffic from surrounding retail and industrial hubs.

This exciting opportunity to acquire Repco Max Capalaba is exclusively offered for sale via an Expressions of Interest (EOI) campaign, closing 2:00 p.m. (AEST) on Thursday, 26 June 2025.