Mitre 10 MEGA Blenheim_Property for Sale

174-186 Alabama Road, Blenheim, Marlborough, 7201, NZ

Mitre 10 MEGA Blenheim

Description

JLL is proud to exclusively present 174-186 Alabama Road (Mitre 10 MEGA Blenheim), an exceptional opportunity to acquire a premier, regional, large format retail investment. This opportunity is underpinned by a protected market position, being the only Mitre 10 MEGA serving the entire Marlborough region with nearly two decades of established trading dominance.

The premium tenant covenant of Mitre 10 (New Zealand) Limited, operating 84+ stores nationwide, ensures exceptional income security. Opportunities of this calibre in established regional markets are rarely offered. An incoming investor will benefit from a substantial 1.86-hectare freehold landholding with over 10,000 sqm of improvements.

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Attributes

Land area gross

18,608 sm

Building area gross

9,986 sm

Year built

2000

Call for offers

03/31/2026

Media

Investment highlights

The only Mitre 10 MEGA serving entire Marlborough region
Blue-Chip Tenant Covenant: Mitre 10 (New Zealand) Limited
11.9-year lease term remaining until initial expiry
Secure $1,500,000 + GST annual net rental income, net lease (tenant pays outgoings)
Infrastructure-Driven Growth - $1.1+ billion regional development pipeline supporting trade demand
1.86-hectare freehold title with 10,246m² gross lettable area