Mernda Junction Shopping Centre, 1435 Plenty Road,
Mernda, VIC 3754
Shops & Retail • Warehouse, Factory & Industrial • Showrooms & Large Format Retail
Key property information
Land area
Floor area
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Map of Mernda Junction Shopping Centre, 1435 Plenty Road
An Unrepeatable Melbourne Neighbourhood Shopping Centre
- Anchored by a 20 Year Lease to Coles
- Long WALE of 11.8 Years (By area)
- Melbourne Growth Location
Stonebridge Property Group is privileged to present for sale Mernda Junction Shopping Centre, a dominant neighbourhood centre located in a high growth corridor of Melbourne.
The key highlights of the opportunity include:
- High quality neighbourhood centre anchored by a full-line Coles Supermarket and Liquorland plus a Chemist Warehouse, 16 specialty shops and 2 kiosks
- Long WALE of 11.8 years* (by area) underpinned by a rare 20 year lease to Coles from 2019
- Exceptional Coles performance, trading well in excess of the percentage rent threshold since opening year
- Strong income growth potential with specialty rents 25% below benchmark^ and specialty rent reviews of 4%-5%
- The only Coles in a large and growing Main Trade Area of 68,280 people^^
- Convenient combination of open-air and undercover parking for 321 vehicles (1 per 21.9 sqm GLAR)*
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Justin Dowers
0438 098 8...
Carl Molony
0439 032 0...
Kevin Tong
0422 848 8...
* Approximately
^ Urbis Single Supermarket Benchmark
^^Location IQ
Property Code: 537
The key highlights of the opportunity include:
- High quality neighbourhood centre anchored by a full-line Coles Supermarket and Liquorland plus a Chemist Warehouse, 16 specialty shops and 2 kiosks
- Long WALE of 11.8 years* (by area) underpinned by a rare 20 year lease to Coles from 2019
- Exceptional Coles performance, trading well in excess of the percentage rent threshold since opening year
- Strong income growth potential with specialty rents 25% below benchmark^ and specialty rent reviews of 4%-5%
- The only Coles in a large and growing Main Trade Area of 68,280 people^^
- Convenient combination of open-air and undercover parking for 321 vehicles (1 per 21.9 sqm GLAR)*
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Justin Dowers
0438 098 8...
Carl Molony
0439 032 0...
Kevin Tong
0422 848 8...
* Approximately
^ Urbis Single Supermarket Benchmark
^^Location IQ
Property Code: 537
Mernda, 3754 demographic data
23,369
Population
$2,011 per week
Median household income
33 years
Median age
Owners
Most residents
Families
Most households
Mernda Junction Shopping Centre, 1435 Plenty Road
Mernda, VIC 3754
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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