Stonebridge List Griffith Group’s New 7-Eleven & Subway in Queensland’s Fastest Growth Suburb

Stonebridge Property Group has been exclusively appointed to market the new 7-Eleven & Subway development at Ripley, west of Brisbane, on behalf of Griffith Group.

Comprising a newly built, state-of-the-art fast food, fuel, and convenience asset, the offering is underpinned by brand new 12 and 8 year net leases to global tenants 7-Eleven and Subway, set across a large 3,723 sqm freehold corner site.

The property is seamlessly integrated into Griffith Group’s ‘Ripley Central’ mixed-use retail and services precinct, alongside Starbucks, a retail centre, car wash, swim school and childcare development.

Stonebridge Partner, Tom Moreland commented, “This is a fantastic, future proofed convenience retail development, enjoying strong exposure to major arterial, Ripley Road, positioned at the heart of the burgeoning suburb, forecast to expand 738% and welcome 117,000 residents by 2046. Long term leases to 7-Eleven are always attractive, with this asset providing the added benefit of Land Tax being recovered by the convenience giant, rarely seen across the 7-Eleven network.”

Stonebridge Executive, Harry Curtain added, “There is pent up demand within the market for newly built fuel & convenience retail assets, as the pipeline of new projects in the sector has diminished significantly in the last 12 to 18 months. We expect a broad range of interest nationally from investors, as southern based capital continues to seek premium Queensland based assets.”

‘7-Eleven & Subway Ripley’ is for sale as part of Stonebridge’s May National Portfolio, with expressions of interest closing Thursday, 22 May at 3pm (AEST).

For more information, please contact the team below:

Tom Moreland | +61 408 072 822 | tmoreland@stonebridge.com.au
Michael Collins | +61 404 023 204 | mcollins@stonebridge.com.au
Harry Curtain | +61 438 684 800 | hcurtain@stonebridge.com.au
Thomas Proberts | +61 439 488 019 | tproberts@stonebridge.com.au