2-10 Acacia Avenue, Leeton, NSW, 2705, AU

Leeton Plaza

Asset description

JLL & Stonebridge is privileged to present Leeton Plaza for sale by way of Expression of Interest closing 5:00pm (AEST), Thursday 5^th September 2024.

Anchored by global supermarket chain ALDI, the centre is further occupied by Reject Shop, Pets Domain, Rivers and Centrelink, providing a secure income stream with 80% of gross income underpinned by national and chain retailers.

Occupying a significant 16,300 sqm landholding the largest commercial zoned land holding in Leeton, Leeton Plaza provides an ultimate convenience retail offering in the catchment and is further complimented by an abundance of 177 on-grade car bays.

Located 120 km northwest of Wagga Wagga, the Riverina region is the ’food bowl’ capital of NSW and is the largest regional contributor to agricultural production in NSW.

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Attributes

Building area net

4,883 sm

Land area gross

16,300 sm

WALT

4.6 years

Media

Investment highlights

· Over 80% of gross passing income secured by national tenants providing a fully leased net income of $1.07 million and an attractive 4.6-year WALE.

· 81% of gross specialty income underpinned by attractive 3.0% or greater fixed annual reviews providing secure rental growth.

· Located in the epicentre of Leeton, the centre is situated on a significant 16,300 sqm landholding supported by favourable development.

· Existing pad site tenancy with excellent road frontage providing suitable opportunities to accommodate drive-thru facilities (STCA).

· Leeton will benefit from over $3.9 billion of government and privately fun infrastructure projects earmarked for the Riverina Region.

· The Riverina Region is home to globally recognised brands, SunRice, Stahmann Webster and JBS Foods producing over nearly $5 billion of gross revenue.1

Footnotes

All figures stated are approximate.

All references to distances are as the crow flies.

All references to financial information is estimated as at 1 December 2024

1.Remplan – Riverina Economic Output