Stonebridge Property Group has been exclusively appointed to market ‘7-Eleven and Starbucks Northgate’, on behalf of leading Brisbane based developer Deluca, as part of its current May National Portfolio campaign.
Strategically positioned within Brisbane’s tightly held northern corridor, the assets form a complementary, purpose built convenience retail and fast food offering, occupying prominent adjoining landholdings along Toombul Road, benefitting from exposure to over 40,000 vehicles daily* and immediate access to major arterial infrastructure.
Located just 9 km* north of the Brisbane CBD, Northgate sits at the heart of a major industrial and logistics precinct, underpinned by significant surrounding employment and strong connectivity to Brisbane Airport, the Gateway Motorway and key retail amenity.
Completed in 2023 by nationally recognised developer and builder Deluca, the new, state-of-the-art development provides modern improvements and incoming purchasers with significant depreciation benefits.
The 7-Eleven Lot occupies a substantial 1,990 sqm* freehold corner site and is underpinned by a 12 year head company net lease to 2035, plus options to 2055, to the global convenience retail giant, with fixed 3% annual rent increases.
The standalone Starbucks Lot is positioned on an adjoining 2,594 sqm* freehold landholding and is secured by a new 12 year net lease to 2035, plus options to 2055, featuring fixed 3% annual rent increases.
Stonebridge Partner, Michael Collins, commented, “Opportunities to acquire two newly constructed, complementary assets of this calibre within a tightly held inner metropolitan location are exceptionally rare. The integration of global brands across fuel, convenience and fast food creates a highly defensive and diversified income profile.”
Stonebridge Partner, Tom Moreland, added, “Developments of this quality, delivered by groups such as Deluca, continue to set the benchmark for private investor demand. Buyers acknowledge assets such as these are irreplaceable in today’s land acquisition and building environment, ensuring their long-term viability and strong prospect of future rental growth, alongside land value appreciation.”
The properties are for sale individually via National Portfolio Auction on Tuesday 5 May at 11am (AEST).
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
Related Articles
