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SOLD - Mackay - High Yielding Fast Food & Retail Asset - Long Term Global Tenants

26 Evans Avenue North Mackay QLD 4740

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Property No.

Key Property Highlights

Building Area 674 sqm
Land Area 1988 sqm
Parking 21 onsite car parks
Listing Status Sold

Cushman & Wakefield is pleased to present to the market 26 Evans Avenue, Mackay for Sale via Auction.

The property has the following key characteristics:

  • Subway - Renewed 7 year lease to 2028 + options - Longstanding tenant of 15+ years
  • Gloria Jeans - Renewed & extended 8 year lease to 2029 + options
  • Subway - Worlds largest sandwich chain across 44,000+ locations
  • Gloria Jeans - Globally recognised café chain in 50+ countries, operating 200+ stores in Australia
  • Strong performing fast food and retail centre, major tenants in occupation for 15-30+ years
  • Highly exposed corner site along North Mackay’s busy retail strip of Evans Avenue, home to IGA, Chemist Warehouse, Domino’s, Liquorland & Puma Energy
  • Dual-street access with ample on-grade & off-street parking recently upgraded by council to handle high demand
  • Convenient location 1.5 km from Mackay’s CBD with inbound & outbound bus stops on the doorstep of centre
  • Mackay - Thriving regional centre home to 117,902 residents, possessing a diverse $17.16 Billion economy supported by its globally recognised resource & engineering sector, agribusiness, construction, logistics, education & tourism
  • Favourable net leases - Tenants pay outgoings as per leases
  • Annual increases up to 3%
  • Net Income $235,878 pa + GST

The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Monday 27 September at 1pm.

All interested parties will have access to our Live Stream & Online Bidding Platform strictly via prior arrangement.

Brisbane Live Stream & Bidding Facilities will be available at the below venue;

Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street

Should you hold interest in bidding on the asset from the above location or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.

SOLD - Mackay - High Yielding Fast Food & Retail Asset - Long Term Global Tenants26 Evans AvenueNorth Mackay, QLD 4740
26 Evans Avenue North Mackay QLD 4740