Description

JLL Retail Investments is pleased to present For Sale, 1 Highway Plaza, Mount Pleasant – A dominant Large Format Retail Opportunity with secure long-term income and significant value-add potential.

1 Highway Plaza presents an opportunity to acquire a dominant large format retail asset anchored by Fitness Cartel, with a significant value-add potential across an 1,910sqm of existing vacancy.

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Attributes

Building area net

5,127 m²

Call for offers

11/11/2026

Media

Investment Highlights

Please see below Investment Highlights:

Secure Long-Term Income

10-year double net lease to Fitness Cartel expiring November 2035 with fixed 3.50% annual income increases.

Significant Value-Add Potential

1,910 sqm of existing vacancy providing a clear pathway to increase net income from $510,931 to circa $950,000 p.a. once stabilised.

Rapidly Growing national Tenant

Fitness Cartel occupies 3,247 sqm and has expanded to 18 locations and 60,000+ members, with plans to grow to 60 clubs nationally by 2030.

Dominant 1.45 Ha Corner Landholding

Expansive 14,500 sqm site with 125 metres of frontage to the Bruce Highway and a further 97 metres to Highway Plaza.

High-Profile Bruce Highway Exposure

Prominent positioning along one of Mackay’s key arterial routes, providing exceptional exposure, accessibility and extensive on-grade parking.

Growing Mount Pleasant Catchment

Mount Pleasant’s population is forecast to grow from 12,060 residents in 2025 to 14,803 by 2046, supporting continued demand across the surrounding retail precinct.

1 Highway Plaza, Mount Pleasant is for sale via Expressions of Interest closing Thursday 12th of November 2026 at 4:00pm (AEST).