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

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.