5108/10-20 Eastern Road Browns Plains, QLD 4118
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HIGH STREET LOGAN RETAIL INVESTMENT WITH NATIONAL TENANT
- Located in Logan’s prominent high st
- National retailer with 470+ stores
- $72,900pa with fixed 4% annual increases
Located approximately 22km south of the Brisbane CBD and is positioned in a high profile, easily accessible location on the high street of Village Square – which has direct access to Grand Plaza Shopping Centre. Eastern
Road would unquestionably, be the best high street in Logan City and benefits from daily patronage, exposure to vehicles in either direction, complementing uses, not to mention an extremely favourable demographic.
Investors that are looking for certain income growth (4% fixed reviews) with security via a 2+ year WALE should strongly consider this opportunity. We detail a number of highlights below:
Established, Proven Investment
Well established tenancy with a proven high-income profile that is underpinned by the largest gaming retailer in Australia, operating over 470 EB Games stores, over 40 in New Zealand as well as over 80 Zing Pop Culture stores across Australia.
High, Certain Income Growth
Guaranteed income growth through an attractive rental review mechanism of 4% annual fixed increases.
Established Retailing Precinct
Positioned in the heart of the Village Square precinct, the property also benefits from being part of a larger retail destination, which includes Grand Plaza Shopping Centre.
Investment Security Ideal for SMSF Investors
Favorable lease structure with net income of $72,900 per annum to an established tenant, recently shutting their store within the Grand Plaza Shopping Center to direct all traffic to this flagship store.
Prime Exposure & Incredible Location
Strategically positioned in a dominant location along Logan’s most popular high street, commanding a prominent frontage amongst complimenting retail tenants such as JB Hi-Fi, Good Life Health Clubs and other fast food tenancies supported by ample park to the front and rear of the tenancy.
Strong Retailing Expenditure Within Trade Area
The Main Trade Area is forecasted for a major growth surge of 4.8% per annum as the surrounding residential population is growing well over the Queensland average.
Property ID: 503196818Last Updated: 16 May 2019