7-Eleven & Starbucks, 80 Key Largo Drive, Clarkson, WA 6030

Burgess Rawson & Cygnet West Perth are pleased to offer to market the brand new 7-Eleven and Starbucks at 80 Key Largo Road, Clarkson (Perth) WA, to be sold via Expressions of Interest closing 21 May 2025.
 
This property has the following key investment highlights:
 
+ Brand new Twelve (12) year leases to 7-Eleven and Starbucks from November 2024 to November 2036 plus Four (4) further Five (5) year options to 2056.
+ 7-Eleven: Australia #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC, operating 46,000+ sites globally.
+ Starbucks: The world’s largest coffee chain with over 38,000 stores across 80 countries with 402,000 employees globally.
+ Highly desirable lease structure, 7-Eleven & Starbucks pay all usual outgoings including council rates, water rates, insurances and single holding land tax. 
+ Fixed 3% annual rent increases ensuring long term compounding income growth.
+ Brand new 2024 state-of-the-art construction built to the latest 7-Eleven and Starbucks corporate standards, providing up to 32.7% tax free income. (1)
+ Irreplaceable 4,149 sqm* corner freehold landholding with 126m* of combined frontage and exposure to 26,000 vehicles passing daily. (2)
+ Future Upside Potential: Opportunity to subdivide into two lots, creating two freestanding assets on individual titles (STCA).
+ Important integration and access to Woolworths anchored shopping centre. 
+ Premium retail and commercial location next to Ocean Key’s Shopping Centre anchored by Coles, Aldi and JB Hi-Fi (4.9m* visitors annually), Clarkson Shopping Centre including full line Woolworths, Bunnings Warehouse and Clarkson Lifestyle Zone, featuring The Good Guys, Supercheap Auto, Beacon Lighting and Bridgestone. (3)
+ City of Wanneroo: Perth's northern  growth corridor forecast to grow 79% to 437,000+ people by 2046. (4)
+ Clarkson: booming commercial and residential location with over 4,200 new homes approved within a 5km radius. 
+ Net Income: $620,000 pa* + GST
 
For Sale via Expressions of Interest
Closing 3pm AWST, Wednesday 21 May 2025
 
*Approx
(1) FY 25/26 | BMT
(2) GapMaps
(3) Dexus
(4) Profile.Id